XPO Logistics Announces Third Quarter 2019 Results
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XPO Logistics (XPO) Tops Q3 EPS by 14c, Revenues Miss; Updates FY19 Financial Targets
October 28, 2019 4:19 PM EDTXPO Logistics (NYSE: XPO) reported Q3 EPS of $1.18, $0.14 better than the analyst estimate of $1.04. Revenue for the quarter came in at $4.15 billion versus the consensus estimate of $4.27 billion.
Updates 2019 Financial Targets
The company updated its full-year 2019 targets for revenue, depreciation and amortization, effective tax rate and cash taxes, and reaffirmed its targets for adjusted EBITDA, free cash flow and net capital expenditures, as follows:
Revenue of (2.5%) to (4.0%) year-over-year, from (1%) to 1% previously; which translates to organic revenue growth, a non-GAAP financial measure, of flat to 1.0%, from 2.5% to 4.5% previously. The update to... More