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XPO Logistics Issues 4Q Earnings
February 19,
2015 by in Financial Reports, Industry
Delivery company XPO Logistics (NYSE: XPO) reported a net loss of $9.9 million for the fourth quarter ended Dec. 31, compared to a net loss of 10.6 million in the fourth quarter of last year.
The company said the net loss available to common shareholders was $51.5 million, or a loss of $0.77 per diluted share, compared with a net loss to common shareholders of $11.3 million, or a loss of $0.37 per diluted share, for the same quarter last year.
Revenue for the quarter hit $830.7 million, compared to $257.2 million in the fourth quarter last year.
For the year, the company reported a net loss of $63.6 million, compared to a net loss of $48.5 million. Revenue for the year was $2.4 billion, compared to revenue of $702.3 million during the prior year.
The company’s earnings release is available online.