XPO reports 4Q loss

GREENWICH, Conn. (AP) _ XPO Logistics Inc. (XPO) on Wednesday reported a loss of $9.9 million in its fourth quarter.

On a per-share basis, the Greenwich, Connecticut-based company said it had a loss of 77 cents. Losses, adjusted for non-recurring costs, came to 10 cents per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The freight management company posted revenue of $830.7 million in the period.

For the year, the company reported that its loss widened to $63.6 million, or $2 per share. Revenue was reported as $2.36 billion.

XPO shares have increased 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.79, a rise of 53 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XPO at http://www.zacks.com/ap/XPO


Keywords: XPO Logistics, Earnings Report

Source Article from http://finance.yahoo.com/news/xpo-reports-4q-loss-234241018.html

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