XPO: 4Q Earnings Snapshot
GREENWICH, Conn. (AP) _ XPO Logistics Inc. (XPO) on Monday reported fourth-quarter profit of $107 million.
The Greenwich, Connecticut-based company said it had net income of 93 cents per share. Earnings, adjusted for non-recurring costs, were $1.12 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The freight management company posted revenue of $4.14 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $4.2 billion.
For the year, the company reported profit of $419 million, or $3.57 per share. Revenue was reported as $16.65 billion.
XPO shares have increased 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $94.18, a climb of 64% in the last 12 months.