RXO Swings to Q1 Loss as Revenue Falls; Shares Rise-December 2024-www.financetom.com

RXO Swings to Q1 Loss as Revenue Falls; Shares Rise

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RXO Swings to Q1 Loss as Revenue Falls; Shares Rise

May 2, 2024 9:21 AM

12:08 PM EDT, 05/02/2024 (MT Newswires) -- RXO (RXO) shares climbed more than 5% in recent Thursday trading after the company reported Q1 adjusted loss of $0.03 per diluted share, swinging from earnings of $0.11 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.04.

Revenue for the quarter ended March 31 was $913 million, down from $1.01 billion a year earlier. Analysts surveyed by Capital IQ expected $931.7 million.

Price: 20.09, Change: +1.09, Percent Change: +5.74

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