Investing.com - GXO Logistics reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GXO Logistics announced earnings per share of $0.75 on revenue of $2.29B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $2.3B.
GXO Logistics shares are down 48.09% from the beginning of the year and are trading at $36.52 , down-from-52-week-high.
GXO Logistics follows other major Industrials sector earnings this month
GXO Logistics's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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