XPO Posts Strong Q3 Earnings Beat Despite Economic Concerns, Trucking Peers See Mixed Results
-
XPO's Q3 earnings and revenue beat expectations, helped by competitor Yellow's bankruptcy.
-
XPO reported strong gains in fleet efficiency and profitability.
-
Trucking peer Old Dominion also saw efficiency gains but shares fell on economic concerns.
-
XPO stock jumped 13% Monday, lifting it to a 7th straight monthly gain and 128% YTD return.
-
Analysts held ratings after earnings but trimmed targets slightly citing economic outlook.