Skip to main content

GXO Logistics: Q4 Earnings Snapshot

GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — GXO Logistics Inc. (GXO) on Tuesday reported fourth-quarter earnings of $43 million.

On a per-share basis, the Greenwich, Connecticut-based company said it had profit of 37 cents. Earnings, adjusted for one-time gains and costs, came to 87 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The contract logistics provider posted revenue of $3.51 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $3.47 billion.

For the year, the company reported profit of $32 million, or 28 cents per share. Revenue was reported as $13.18 billion.

GXO Logistics expects full-year earnings in the range of $2.85 to $3.15 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GXO at https://www.zacks.com/ap/GXO

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story