CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — RXO Inc. (RXO) on Wednesday reported a loss of $7 million in its second quarter.
The Charlotte, North Carolina-based company said it had a loss of 6 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 3 cents per share.
The transportation services provider posted revenue of $930 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $943.9 million.
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