05:43 PM EDT, 05/07/2024 (MT Newswires) -- GXO Logistics ( GXO ) reported Q1 adjusted earnings late Tuesday of $0.45 per diluted share, down from $0.49 per share a year earlier.

Analysts polled by Capital IQ expected $0.43.

Revenue for the quarter ended March 31 rose to $2.46 billion from $2.32 billion a year earlier. Analysts surveyed by Capital IQ expected $2.43 billion.

For 2024, the company said it continues to expect adjusted EPS of $2.70 to $2.90 on a standalone basis. The consensus is for normalized EPS of $2.73.

The company's shares were up nearly 2% in after-hours activity.

Price: 52.01, Change: +0.83, Percent Change: +1.62