RXO Shares Drop After Wider-Than-Expected 4Q Loss

Dow Jones

Feb 06, 2025

By Chris Wack

RXO shares were down 13% to $21.92 after the company reported a wider-than-expected fourth-quarter loss.

The transportation-services company said it had a quarterly loss of $20 million, or 12 cents a share, compared with earnings of $2 million, or 2 cents a share, in the same quarter last year.

Analysts polled by FactSet were looking for a loss of $13.6 million, or 7 cents a share.

Revenue for the quarter was $1.67 billion, compared with last year's $978 million and the $1.66 billion analysts were expecting.

RXO said brokerage volume increased 10% from the third quarter, and its managed-transportation sales pipeline now has nearly $2 billion in freight under management. Last-mile service grew 15% year over year.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 05, 2025 11:24 ET (16:24 GMT)

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Last-mile service grew 15% year over year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2025 11:24 ET (16:24 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4022","symbol_name":"陆运","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509363412","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509363412","pubTimestamp":1738772640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"RXO shares were down 13% to $21.92 after the company reported a wider-than-expected fourth-quarter loss.The transportation-services company said it had a quarterly loss of $20 million, or 12 cents a share, compared with earnings of $2 million, or 2 cents a share, in the same quarter last year.Analysts polled by FactSet were looking for a loss of $13.6 million, or 7 cents a share.Revenue for the quarter was $1.67 billion, compared with last year's $978 million and the $1.66 billion analysts were expecting.RXO said brokerage volume increased 10% from the third quarter, and its managed-transportation sales pipeline now has nearly $2 billion in freight under management. 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Last-mile service grew 15% year over year. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 05, 2025 11:24 ET (16:24 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}