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Why Shares of XPO Logistics Are Higher Today

TheMotleyFool

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Why Shares of XPO Logistics Are Higher TodayPhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png

Shares of XPO Logistics (NYSE: XPO) briefly spiked 10% on Thursday after the transportation and logistics company surprised markets with a midday earnings release.

XPO was expected to release earnings after markets closed on Thursday, but trading in the stock was halted around 1:20 p.m. EST, and the company's third-quarter report came out about 10 minutes later.

The circumstances were odd, but it's hard to argue with the results. XPO reported third-quarter adjusted earnings of $0.84 per share on revenue of $4.22 billion, easily surpassing consensus expectations of $0.40 per share on $3.85 billion in revenue.

Source Fool.com

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