Reported 3 days ago
XPO, a less-than-truckload carrier, reported adjusted earnings per share of 73 cents for the first quarter, surpassing estimates but falling short of the previous year. The company experienced a 4% year-over-year decline in revenue to $1.17 billion, driven by reduced tonnage and daily shipments. Despite challenges, CEO Mario Harik emphasized strategic improvements leading to better margins and revenue per shipment. Shares rose 6.7% in premarket trading following the announcement.
Source: YAHOO