GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — GXO Logistics Inc. (GXO) on Tuesday reported third-quarter net income of $59 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had net income of 51 cents. Earnings, adjusted for one-time gains and costs, were 79 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The contract logistics provider posted revenue of $3.4 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.37 billion.
GXO Logistics expects full-year earnings in the range of $2.43 to $2.63 per share.
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