Why XPO Logistics Stock Fell Today
XPO Logistics (NYSE: XPO) released its first quarterly earnings report late yesterday since spinning out GXO Logistics (NYSE: GXO) as an independent company, and investors were not impressed. Shares of XPO fell as much as 11% on Wednesday morning before recovering some of those losses as the day went on.
It's a period of transition for XPO, which in early August spun GXO off to shareholders to become more of a pure-play trucking transportation company. Late Tuesday, XPO provided the first glimpse of how the slimmed-down company is performing.
Image source: XPO Logistics.
Source Fool.com
