Logistics and transport giant XPO Logistics (NYSE: XPO) delivered second-quarter results at the end of July that exceeded expectations, but you would never know it from the stock's reaction. Management was ready to act to address that gap prior to the COVID-19 pandemic, and as conditions normalize it is becoming more and more likely they will act again in the quarters to come. CEO Bradley Jacobs said in a statement, "the ramifications of COVID-19 dominated the second quarter," but XPO painted a relatively optimistic picture for the remainder of 2020. Read More...
Why XPO’s Results Could Signal a Split-Up Ahead
Logistics and transport giant XPO Logistics (NYSE: XPO) delivered second-quarter results at the end of July that exceeded expectations, but you would never know it from the stock’s reaction. Management was ready to act to address that gap prior to the COVID-19 pandemic, and as conditions normalize it is becoming more and more likely they will act again in the quarters to come. CEO Bradley Jacobs said in a statement, “the ramifications of COVID-19 dominated the second quarter,” but XPO painted a relatively optimistic picture for the remainder of 2020.
Add Comment