Why XPO Logistics Stock Jumped Today

Shares of XPO Logistics (NYSE: XPO) have jumped today, up by 11% as of 2:30 p.m. EDT, after the company reported mixed second-quarter results. Revenue came in below expectations, but the logistics specialist beat bottom-line forecasts.

Revenue in the second quarter was $4.24 billion, missing the consensus estimate of $4.37 billion. On the bright side, adjusted net income was $132 million, or $1.28 per share, topping the $1.04 per share in adjusted profits that investors were expecting. Adjusted EBITDA, which excludes certain one-time items like restructuring and severance costs, was $455 million.

Image source: XPO Logistics.

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