XPO Analysts Boost Their Forecasts Following Upbeat Earnings

XPO, Inc. (NYSE:XPO) reported better-than-expected third-quarter financial results on Wednesday.

Revenue growth of 3.7% year-over-year to $2.05 billion, beating the consensus of $2.020 billion. The revenue growth was aided by higher yield in the North American LTL segment and volume increase in the European Transportation segment. Adjusted EPS was $1.02, up 15.9% from the prior year, beating the consensus of 91 cents.

"And we're tracking three years ahead of plan with linehaul insourcing, which enhances our network efficiency and quality of service," Mario Harik, chief executive officer of XPO, said. "We're delivering on ...