XPO Logistics Crushes Q3 Estimates
XPO Logistics (NYSE: XPO) beat the stock market on Thursday by beating analyst estimates for its most recently completed quarter. In an unorthodox and unexpected midday earnings release -- the delivery of which was scheduled to occur after market close -- the company unveiled its third quarter of fiscal 2020 results.
These were impressive. On the top line, XPO booked $4.22 billion in revenue, and while this represented year-over-year growth of only 1.7%, it was well higher than the average analyst estimate of $3.85 billion. And while the non-GAAP (adjusted) net profit tumbled by almost 29% to $86 million, at $0.84 per share it was more than double the collective prognosticator projection of $0.40.
Image source: XPO Logistics.
Source Fool.com
