◆ NeutralGXOXPO
GXO Logistics Fell Sharply Today, But a Turnaround Could Be Coming
The Motley Fool·
GXO Logistics stock dropped 9% after reporting Q2 earnings that slightly missed revenue expectations ($3.44B vs. $3.46B consensus), though EPS beat estimates. However, the company showed strong momentum with $410M in new business wins (up 34% YoY) and 85% jump in North American B2B wins. Under new CEO Patrick Kelleher's leadership, GXO is shifting toward organic growth and margin expansion, with plans to improve operating margins from 3-4% to 6%. An upcoming Investor Day on Nov. 16 could signal a potential turnaround.
Read Full Article at The Motley Fool →