In its earnings statement and a call with analysts a day later, the management of diversified logistics and less-than-truckload (LTL) provider XPO tried to paint the company’s second quarter as strong. And the company did beat Wall Street estimates.
But the performance of the company’s LTL division has raised a lot of eyebrows, including those on Wall Street. On a day when equity markets overall are slightly down, XPO stock is down a lot. At 11:25 a.m., XPO was down 15.44% to $73.25.
The numbers...
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