GXO Logistics: Q1 Earnings Insights - GXO Logistics (NYSE:GXO)

GXO Logistics GXO reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:30 PM.

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

GXO Logistics beat estimated earnings by 13.95%, reporting an EPS of $0.49 versus an estimate of $0.43.

Revenue was up $240.00 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 5.0% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.75	0.69	0.63	0.52
EPS Actual	0.83	0.75	0.68	0.59
Revenue Estimate	2.45B	2.27B	2.10B	2.07B
Revenue Actual	2.47B	2.29B	2.16B	2.08B

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.