CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — RXO Inc. (RXO) on Wednesday reported a loss of $20 million in its fourth quarter.
The Charlotte, North Carolina-based company said it had a loss of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to 6 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 6 cents per share.
The transportation services provider posted revenue of $1.67 billion in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $1.65 billion.
For the year, the company reported a loss of $285 million, or $2.14 per share. Revenue was reported as $4.55 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RXO at https://www.zacks.com/ap/RXO
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