Investing.com - XPO Logistics reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
XPO Logistics announced earnings per share of $1.45 on revenue of $3.04B. Analysts polled by Investing.com anticipated EPS of $1.34 on revenue of $3.1B.
XPO Logistics shares are down 34.56% from the beginning of the year and are trading at $50.67 , down-from-52-week-high.
XPO Logistics follows other major Industrials sector earnings this month
XPO Logistics's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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