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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