XPO: 4Q Earnings Snapshot
GREENWICH, Conn. (AP) _ XPO Logistics Inc. (XPO) on Thursday reported fourth-quarter net income of $91 million.
The Greenwich, Connecticut-based company said it had net income of 62 cents per share. Earnings, adjusted for non-recurring costs, were 72 cents per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The freight management company posted revenue of $4.39 billion in the period, also missing Street forecasts. Nine analysts surveyed by Zacks expected $4.56 billion.
For the year, the company reported profit of $422 million, or $2.88 per share. Revenue was reported as $17.28 billion.
XPO shares have risen slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $59.55, a decline of 36 percent in the last 12 months.