GXO Logistics reports Q2 GAAP EPS of $0.22 and revenue of $3.44B, both missing analyst estimates.
GXO Logistics posted Q2 GAAP earnings per share of $0.22, missing expectations by $0.12. Revenue reached $3.44 billion, up 3.3% year over year but $20 million below forecasts.
Analysts had anticipated stronger results, with consensus estimates higher for both EPS and revenue. The company also reported $410 million in new business wins, a 34% increase from the prior year, driven by growth in aerospace, defense, technology, and life sciences.
The earnings miss highlights challenges in meeting market expectations despite solid year-over-year revenue growth and new contract wins.