GXO Logistics: Q2 Earnings Snapshot
GREENWICH, Conn. (AP) _ GXO Logistics Inc. (GXO) on Tuesday reported second-quarter earnings of $51 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had net income of 44 cents. Earnings, adjusted for one-time gains and costs, were 68 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The contract logistics provider posted revenue of $2.16 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $2.11 billion.
GXO Logistics expects full-year earnings in the range of $2.70 to $2.90 per share.