Comment / Conf call redux: XPO – don't mention 2021 or M&A or asset sales or...

XPO Logistics smugly trumped consensus estimates when it revealed its Q3 numbers last Thursday, very unusually mid-way through the trading session rather than after closing – every little helps, I guess, in terms of “managing expectations” and the resulting upside.

The shares suddenly rose over 5%, briefly touching $100 then some profit-taking occurred – now they are only a whisker away from the $100 mark, anyway – but the analysts nonetheless were full of praise for management during the customary conference call ...