Apex Trader Funding - News
Why Freight Operator XPO Shares Are Surging Premarket Friday
XPO, Inc. (NYSE:XPO) shares are trading higher after it reported first-quarter FY24 results.
Revenue growth of 5.8% Y/Y to $2.02 billion, beating the consensus of $2.01 billion.
The increase in revenue was aided by higher yield and tonnage per day in the North American LTL segment.
Operating income was $138 million, compared to $58 million a year ago. Adjusted EPS was $0.81, up 44.6% Y/Y, beating the consensus of $0.67.
Adjusted EBITDA increased 37.1% Y/Y to $288 million in the quarter, and the margin ...