AP NEWS

XPO: 4Q Earnings Snapshot

February 10, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XPO at https://www.zacks.com/ap/XPO