XPO Logistics Inc(NYSE:XPO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $3.68B. Analysts estimated a revenue of $3.81B. Earnings per share were $0.42. Analysts had estimated an EPS of $0.19.
In a different note, JP Morgan said it Initiates Coverage on XPO Logistics Inc, according to a research note issued on Jul 11, 2016. The shares have been rated ‘Overweight’ by the firm. Buckingham Research said it Initiates Coverage on XPO Logistics Inc, according to a research note issued on May 17, 2016. The shares have been rated ‘Buy’ by the firm.
XPO Logistics Inc (XPO) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -0.55% at a volume of 11,69,595. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.29. The peak price level was also seen at $36.29 while the days lowest was $35.8. Finally the shares closed at $36.2. The 52-week high of the shares is $41.28 while the 52-week low is $18.04. According to the latest information available, the market cap of the company is $3,987 M.
Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Sector Pension Investme Public (10% owner) sold 4,000,000 shares at $26.20 per share price.
XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.