🔴 XPO Logistics is trading 5% down after its October 29 third-quarter report

XPO Logistics is trading 5.16% down at $172.32 following its October 29 third-quarter report, which beat adjusted EPS estimates but slightly missed revenue expectations.

• Adjusted EPS was $1.70, beating the $1.58 consensus; revenue of $2.37 billion missed the $2.38 billion estimate.
• Shares were down 1.70% pre-market after the announcement.
• The adjusted operating ratio improved to 80.1%, up 260 basis points year over year, alongside improved LTL margins; available reporting does not establish why the intraday decline deepened.