CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — RXO Inc. (RXO) on Thursday reported a loss of $36 million in its first quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 21 cents. Losses, adjusted for one-time gains and costs, were 9 cents per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 9 cents per share.
The transportation services provider posted revenue of $1.43 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $1.32 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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