CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — RXO Inc. (RXO) on Tuesday reported a loss of $1 million in its third quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were 5 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The transportation services provider posted revenue of $976 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $965.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RXO at https://www.zacks.com/ap/RXO