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XPO outperformed the rest of the LTL industry with its first-quarter earnings report. Operating ratio substantially improved due in part to a higher yield.
XPO, Inc. (NYSE:XPO ) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Mario Harik - CEO Kyle Wismans - CFO Ali Faghri - CSO Conference Call Participants Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Daniel Imbro - Stephens Fadi Chamoun - BMO Capital Markets Jon Chappell - Evercore ISI Stephanie Moore - Jefferies Tom Wadewitz - UBS Brian Ossenbeck - J.P. Morgan Jason Seidl - TD Cowen Jordan Alliger - Goldman Sachs Brandon Oglenski - Barclays Scott Schneeberger - Oppenheimer Kevin Gainey - Thompson Davis & Company Mario Harik Good morning, everyone.
XPO easily topped earnings expectations on revenue that was up year over year. Truckers have complained about a soft demand environment and shrinking sales, implying XPO is taking market share.
The headline numbers for XPO (XPO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The trucking reported first-quarter earnings per share of 81 cents from sales of $2 billion. Wall Street was looking for earnings per share of 67 from $2 billion.
XPO is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for XPO (XPO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Mario Harik, CEO of XPO, joins CNBC's 'The Exchange' to share his reaction to Wednesday's CPI report, XPO's operational overhaul, and more.
GREENWICH, Conn., April 03, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its first quarter conference call and webcast on Friday, May 3, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com .
The stock market's volatility index (VIX) is now below 13%, a level not seen since the fourth quarter of 2023. Typically, when the VIX is this low, investors start looking for stocks that can offer them a more exciting ride in the markets.