GXO Logistics: Q3 Earnings Insights


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


GXO Logistics (NYSE:GXO) reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:30 PM.

Here's what investors need to know about the announcement.

Earnings

GXO Logistics beat estimated earnings by 4.55%, reporting an EPS of $0.69 versus an estimate of $0.66.

Revenue was up $184.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.09 which was followed by a 1.75% drop in the share price the next day.

Here's a look at GXO Logistics's past performance:

QuarterQ2 2023Q1 2023Q4 2022Q3 2022
EPS Estimate0.610.430.750.69
EPS Actual0.700.490.830.75
Revenue Estimate2.39B2.30B2.45B2.27B
Revenue Actual2.39B2.32B2.47B2.29B

To track all earnings releases for GXO Logistics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: EarningsBZI-Recaps