XPO Logistics (XPO) Misses Q3 EPS by 9c

XPO Logistics (NYSE: XPO) reported Q3 EPS of $0.89, $0.09 worse than the analyst estimate of $0.98. Revenue for the quarter came in at $4.34 billion versus the consensus estimate of $4.4 billion.

Updates Financial Targets

The company has updated its full-year 2018 target for adjusted EBITDA to approximately $1.585 billion, from at least $1.6 billion. The revised target for adjusted EBITDA primarily reflects the impact of a customer bankruptcy in the third quarter. The company has reaffirmed its 2017-2018 target for cumulative free cash flow of approximately $1 billion.

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

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