By Dean SealShares of XPO jumped after the company logged third-quarter earnings and revenue that topped analyst forecasts. The transportation company posted adjusted earnings, which exclude one-time items, of 88 cents a share. Analysts polled by FactSet had been expecting 63 cents a share. Revenue rose to $1.98 billion from $1.95 billion last year, above analyst projections for $1.93 billion, according to FactSet. Chief Executive Mario Harik said the strong results were driven by gains in volume, pricing and labor productivity.

Source: Wall Street Journal October 30, 2023 15:22 UTC