Less-than-truckload carrier XPO reported another earnings beat as revenue and margins stepped higher again in the second quarter.
Adjusted earnings per share of $1.12 came in 11 cents better than the consensus estimate and 41 cents higher year over year. The adjusted result excluded transaction and restructuring costs of 22 cents per share as well as a $41 million one-time tax benefit (34 cents) tied to the restructuring of its European operations.
XPO’s (NYSE: XPO) LTL segment reported a 12% y/y...
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