RXO (NYSE: RXO) reported Q1 EPS of ($0.03), $0.07 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $913 million versus the consensus estimate of $952.12 million.

Second-Quarter Outlook

RXO expects second-quarter 2024 companywide adjusted EBITDA to be between $24 million and $30 million. The company expects second-quarter 2024 brokerage gross margin to be between 13% and 15%.

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