XPO Logistics Inc (XPO) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $-0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $-0.18. The company posted revenue of $3545.70 million in the period, compared to analysts expectations of $3569.16 million. The company’s revenue was up 404.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
Many Wall Street Analysts have commented on XPO Logistics Inc. Shares were Reiterated by Cowen on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 36 from a previous price target of $44 .XPO Logistics Inc was Initiated by Morgan Stanley to “Overweight” on Feb 23, 2016. Shares were Reiterated by Oppenheimer on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $39 .
XPO Logistics Inc opened for trading at $30.63 and hit $31.1 on the upside on Monday, eventually ending the session at $31.02, with a gain of 2.92% or 0.88 points. The heightened volatility saw the trading volume jump to 11,04,779 shares. Company has a market cap of $3,401 M.
XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.