GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — GXO Logistics Inc. (GXO) on Tuesday reported second-quarter earnings of $25 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had net income of 22 cents. Earnings, adjusted for one-time gains and costs, were 59 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The contract logistics provider posted revenue of $3.44 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.45 billion.
GXO Logistics expects full-year earnings in the range of $2.95 to $3.15 per share.
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