NewsSA: GXO Logistics beats Q2 top and bottom line estimates; raises FY23 profit outlook

August 2, 2023by 0

SEEKING ALPHA reports:
– GXO Logistics press release (NYSE:GXO): Q2 Non-GAAP EPS of $0.70 beats by $0.09.
– Revenue of $2.4B (+11.1% Y/Y) beats by $20M.
The full post is here.
Highlights:
– Second quarter revenue grew 11% year over year to $2.4 billion, and organic revenue1 grew 3%
– Net income attributable to GXO grew 27% to $65 million; operating income increased by 68%; operating margins improved by 140 bps; adjusted EBITDA1 grew to $190 million; diluted EPS increased …

The post SA: GXO Logistics beats Q2 top and bottom line estimates; raises FY23 profit outlook appeared first on The Loadstar.

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