XPO Logistics Inc (XPO) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $0.20. The company posted revenue of $3683.00 million in the period, compared to analysts expectations of $3894.72 million. The company’s revenue was up 202.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.
Many Wall Street Analysts have commented on XPO Logistics Inc. JP Morgan Initiated XPO Logistics Inc on Jul 11, 2016 to “Overweight”, Price Target of the shares are set at $40.Buckingham Research Initiated XPO Logistics Inc on May 17, 2016 to “Buy”, Price Target of the shares are set at $38.
XPO Logistics Inc closed down -0.75 points or -2.55% at $28.69 with 13,44,725 shares getting traded on Tusday. Post opening the session at $29.49, the shares hit an intraday low of $27.93 and an intraday high of $29.63 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
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.