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