RXO gains after quarterly earnings tops estimate - RXO News | RalliesRXO gains after quarterly earnings tops estimate
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RXO• RXO shares rise after quarterly beat
- RXO shares jump about 10% to $23 in premarket trading.
- The transportation broker beat second-quarter adjusted profit and revenue estimates, driven by strength in its less-than-truckload business.
- It reported Q2 adjusted EPS of 6 cents, compared with analysts' average estimate of 3 cents, according to data compiled by LSEG.
- Q2 revenue rose to $1.77 billion from $1.42 billion a year earlier, beating the estimated $1.60 billion.
- Q2 truckload volume rose 2%, while less-than-truckload volume increased 3%.
- As of the last close, the stock had risen 66.1% year to date.
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