GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — GXO Logistics Inc. (GXO) on Tuesday reported first-quarter net income of $4 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had profit of 3 cents. Earnings, adjusted for non-recurring costs, came to 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The contract logistics provider posted revenue of $3.3 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $3.22 billion.
GXO Logistics expects full-year earnings in the range of $2.90 to $3.20 per share.
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