XPO Logistics (NYSE: XPO) reported Q4 EPS of $0.72, $0.12 worse than the analyst estimate of $0.84. Revenue for the quarter came in at $4.39 billion versus the consensus estimate of $4.55 billion.

Board of directors authorizes an additional share repurchase of up to $1.5 billion of XPO common stock.

Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "For the full year, we delivered 12.3% revenue growth, 9.3% organic growth and $1.56 billion of adjusted EBITDA - up 14.3% over 2017. However, we missed our fourth quarter forecast for adjusted EBITDA, primarily due to headwinds in France and the UK and a loss of profit in the postal injection business with our largest customer.

"In the fourth quarter, we generated 12.4% organic revenue growth in our logistics segment, driven by global demand for e-commerce. In North American transportation, we improved our less-than-truckload adjusted operating ratio by 260 basis points to a fourth quarter best of 87.3%. Better working capital management allowed us to outperform on cash in the quarter and surpass our cumulative 2017-2018 free cash flow target of $1 billion."

Jacobs continued, "We expect that our adjusted EBITDA growth this year will be in the range of 6% to 10%. This anticipates the impact of our largest customer substantially downsizing its business portfolio with us starting in the first quarter, as well as our more cautious view of Europe. We updated our target for free cash flow to align with our adjusted EBITDA forecast and our expectation of higher interest expense associated with our new share repurchase authorization. As we look ahead, we're confident in our ability to create meaningful shareholder value.

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