SA: XPO +6% after topping Q3 consensus marks

SEEKING ALPHA reports:

– XPO Logistics (NYSE:XPO) pops into the middle of the day news flow with an earnings report.

– The company reports Q3 revenue ($4.22B vs. $3.86B consensus), EPS ($0.84 vs. $0.39 consensus) and adjusted EBITDA ($439M vs. $352M consensus) above consensus marks.

– CEO update: “Supply chain outsourcing is accelerating, and e-commerce continues to be a huge tailwind for us, particularly in contract logistics and last mile. We grew our last mile revenue by 11% in the quarter, year-over-year, by leveraging our North American hubs and XPO Direct network…”

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The full release is here: “XPO Logistics announces third quarter 2020 results“.

Check out the latest share price here.