RXO jumps after quarterly revenue beats estimates

RXO

07/05/2026 13:11

** Shares of transportation broker firm RXO RXO.N up 7% at $21 premarket

** Company's Q1 revenue beats analysts' estimate, helped by stronger less-than-truckload volumes

** Reports revenue of $1.4 billion vs estimate of $1.32 billion - data compiled by LSEG

** Less-than-truckload volumes increase 5% in Q1

** Posts adjusted net loss of $16 million, compared with $5 million loss a year earlier

** RXO expects a sequential rise in Q2 profit on stronger volumes, better spot mix and higher brokerage contract rates

** As of last close, shares up 55% this year

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))