RXO gains after quarterly earnings tops estimate
06/08/2026 12:06
BUZZ-RXO gains after quarterly earnings tops estimate ** RXO RXO.N shares jump ~10% to $23 premarket
** The transportation broker beats second-quarter adj. profit and revenue estimates, driven by strength in its less-than-truckload business
** Reports Q2 adjusted EPS of 6 cents; analysts on average estimated 3 cents - data compiled by LSEG
** Q2 revenue rises to $1.77 billion from $1.42 billion year-ago; beats estimated $1.60 billion
** Q2 truckload volume rises 2%; less-than-truckload volume increases 3%
** As of last close, stock had risen 66.1% YTD
(Reporting by Apratim Sarkar in Bengaluru)