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Why XPO Stock Was Climbing Today

TheMotleyFool

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Why XPO Stock Was Climbing Today: https://g.foolcdn.com/editorial/images/742822/xpo-logistics.jpg

Shares of XPO (NYSE: XPO), the less-than-truckload (LTL) transportation company, were moving higher today after the company delivered better-than-expected results in its second-quarter earnings report.

As of 11:16 a.m. ET on Friday, the stock was up 5.7% after gaining as much as 12.1% earlier in the session.

XPO faced macro headwinds in the second quarter as transportation demand has been soft. Overall revenue came in at $1.92 billion, which was down by 6.5% from the quarter a year ago. The decline was primarily due to a lower fuel surcharge, and that result was slightly below estimates at $1.94 billion.

Source Fool.com

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