XPO Logistics (XPO) Tops Q2 EPS by 22c

XPO Logistics (NYSE: XPO) reported Q2 EPS of $0.42, $0.22 better than the analyst estimate of $0.20. Revenue for the quarter came in at $3.68 billion versus the consensus estimate of $3.81 billion.

Raises 2016 Financial Targets

For 2016, the company has:

• Increased its target for adjusted EBITDA to at least $1.265 billion, from $1.25 billion; and
• Increased its target for free cash flow to at least $150 million, from a range of $100 million to $150 million.

In addition, the company has reaffirmed its full year 2018 target of approximately $1.7 billion of EBITDA

For earnings history and earnings-related data on XPO Logistics (XPO) click here.

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