First look: XPO posts Q4 earnings beat

XPO (NYSE: XPO) reported fourth-quarter adjusted earnings per share of 88 cents ahead of the market open on Thursday. That was 12 cents higher than the consensus estimate but 1 cent below the year-ago result. The consensus estimate moved down (from 85 cents) after XPO’s intraquarter update, which some analysts construed as worse-than-expected. (The adjusted EPS result excluded gains on real estate sales in addition to transaction and restructuring costs.) Consolidated revenue of $2.01 billion was 4.7% h ...