why is xpo stock down

Shares of XPO Logistics

(XPO -4.03%) fell more than 11% on Friday morning after the transportation company reported second-quarter earnings. XPO did report a loss in what was a noisy quarter due to the COVID-19 pandemic and a number of one-time items, but the sell-off appears to be an overreaction to what seems to have been a decent quarter.

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Is XPO a good stock to buy?

XPO Logistics's analyst rating consensus is a 'Strong Buy. This is based on the ratings of 18 Wall Streets Analysts.

Is XPO going out of business?

XPO Logistics announced after the closing bell Tuesday it will become solely a trucking company, spinning off its high-tech truck brokerage business into a separate publicly traded firm.

What is happening with XPO Logistics?

XPO Logistics is spinning out another company and potentially selling another large business as it continues to radically transform itself after the 2021 spinoff of GXO Logistics.

Will XPO stock go up?

XPO Logistics Inc quote is equal to 53.330 USD at 2022-06-08. Based on our forecasts, a long-term increase is expected, the "XPO" stock price prognosis for 2027-06-04 is 83.116 USD. With a 5-year investment, the revenue is expected to be around +55.85%. Your current $100 investment may be up to $155.85 in 2027.

Who is buying XPO?

STG LogisticsSTG Logistics has acquired XPO Logistics' intermodal division for $710 million, the companies announced Friday, advancing XPO's spin-off plans revealed earlier this month. Approximately 700 employees and 48 locations have been transferred to STG in the transaction, according to an XPO news release.

Did XPO Logistics get bought out?

XPO Logistics Inc. has sold its North American intermodal business to STG Logistics Inc. for approximately $710 million, continuing to streamline the XPO business while making STG an integrated containerized logistics company.

Who is XPO Logistics owned by?

businessman Brad JacobsIn September 2011, American businessman Brad Jacobs acquired Express-1 Expedited Solutions, Inc. and became its chairman and CEO. The company changed its name to XPO Logistics – a reference to Express-1's AMEX ticker symbol, "XPO" – and began acquiring other companies in the transportation and logistics sector.

Is XPO Logistics a good company?

92% of employees would recommend working at XPO Logistics with the overall rating of 3.9 out of 5. Employees also rated XPO Logistics 3.5 out of 5 for Company Culture, 3.9 for Rewards You Receive, 3.4 for Growth Opportunities and 3.6 for support you get.

What sector is xpo in?

freight transportation(NYSE: XPO) is a leading provider of freight transportation, primarily less-than-truckload (LTL) and truck brokerage.

How do I buy xpo shares?

How to buy shares in XPO LogisticsCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.

Is XPO a quarterly report?

XPO released its first quarterly report since spinning off GXO Logistics, and the headline numbers were strong.

Is XPO a pure play company?

It's a period of transition for XPO, which in early August spun GXO off to shareholders to become more of a pure-play trucking transportation company. Late Tuesday, XPO provided the first glimpse of how the slimmed-down company is performing.

Does XPO have a plan?

XPO has a plan to address the issues, but it could take time to work through the system.

Is XPO a tripped up company?

In a world where equipment and labor are in tight supply, XPO got tripped up. To some extent, the entire industry is under pressure, but considering that rivals including Old Dominion Freight Line ( NASDAQ:ODFL) still managed to report impressive quarterly results, the market was not in a forgiving mood.

What happened

XPO Logistics (NYSE: XPO) shares can't seem to find the floor. After a painful double-digit drop in October, investors hoping for some relief were in for a rude shock as the stock tumbled 15.1% in November, according to data provided by S&P Global Market Intelligence.

So what

While volatility in the broader market, especially industrials sector, hit XPO shares hard in October, it was an unexpected news release from the company on Oct. 31 that sent its shares crashing last month.

What happened

Shares of XPO Logistics ( XPO 3.39% ) fell more than 11% on Friday morning after the transportation company reported second-quarter earnings. XPO did report a loss in what was a noisy quarter due to the COVID-19 pandemic and a number of one-time items, but the sell-off appears to be an overreaction to what seems to have been a decent quarter.

So what

After markets closed Thursday XPO reported a second-quarter loss of $0.63 per share on revenue of $3.5 billion, beating analyst expectations for a $0.73 per share loss on revenue of $3.38 billion.

Now what

Clearly, XPO is feeling the impact of the current market conditions. While the adjusted EBITDA number beat expectations, it was down 62% year over year. And less-than-truckload shipping revenue declined 20%.

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Is GXO a company?

GXO Logistics (NYSE: GXO) released its first quarterly report as an independent company, and investors liked what they heard. Shares of GXO traded up more than 10% for the week, as of midday Thursday, on excitement about the company's potential for growth. GXO was spun out of XPO Logistics (NYSE: XPO) in August to give investors access to more of a pure-play supply chain management and warehousing company.

Is GXO a publicly traded company?

GXO Logistics (NYSE: GXO) released its first earnings report as a publicly traded company on Monday, and the contract logistics specialist did not disappoint. GXO, which separated from XPO Logistics in August, reported 24.6% year-over-year revenue growth in the third quarter to $1.97 billion, ahead of analyst estimates at $1.82 billion.