XPO Q2 2023 Earnings Report

XPO EPS Results

• Actual EPS: $0.71
• Consensus EPS: $0.60
• Beat/Miss: Beat by +$0.11
• One Year Ago EPS: $1.81

XPO Revenue Results

• Actual Revenue: $1.92 billion
• Expected Revenue: $1.94 billion
• Beat/Miss: Missed by -$18.92 million
• YoY Revenue Growth: -6.40%

XPO Announcement Details

• Quarter: Q2 2023
• Date: 8/4/2023
• Time: Before Market Opens

XPO (NYSE:XPO) provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services. This segment also offers cross-border U.S., Mexico, Canada, and the Caribbean, as well as engages in the operation of trailer manufacturing. The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, such as road-rail and road-short sea combinations. It provides its services to customers in various industries, such as industrial and manufacturing, retail and e-commerce, food and beverage, logistics and transportation, and consumer goods. The company was formerly known as XPO Logistics, Inc. and changed its name to XPO, Inc. in December 2022. XPO, Inc. was incorporated in 2000 and is based in Greenwich, Connecticut.