BUZZ-RXO jumps after quarterly revenue beats estimates

RXO, Inc. Common Stock

RXO, Inc. Common Stock

RXO

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** Shares of transportation broker firm RXO RXO.N up 7% at $21 premarket

** Company's Q1 revenue beats analysts' estimate, helped by stronger less-than-truckload volumes

** Reports revenue of $1.4 billion vs estimate of $1.32 billion - data compiled by LSEG

** Less-than-truckload volumes increase 5% in Q1

** Posts adjusted net loss of $16 million, compared with $5 million loss a year earlier

** RXO expects a sequential rise in Q2 profit on stronger volumes, better spot mix and higher brokerage contract rates

** As of last close, shares up 55% this year


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