CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — RXO Inc. (RXO) on Friday reported a loss of $46 million in its fourth quarter.
The Charlotte, North Carolina-based company said it had a loss of 27 cents per share. Losses, adjusted for one-time gains and costs, came to 7 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The transportation services provider posted revenue of $1.47 billion in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $1.48 billion.
For the year, the company reported a loss of $100 million, or 59 cents per share. Revenue was reported as $5.74 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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