Shares of full truckload freight transportation brokering services provider RXO Inc. (RXO) are rising more than 8% Wednesday morning after it reported first-quarter results, above the consensus estimates.
The company reported breakeven earnings in the first quarter, compared with net income of $39 million or $0.34 per share in the same quarter a year ago.
Excluding one-time items, profit was $13 million, or $0.11 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.07 per share.
The company's revenue was $1.01 billion for the first quarter, compared to $1.31 billion last year. The consensus estimate was for $1.07 billion.
RXO is at $19.97 currently. It has traded in the range of $14.75-$25.50 in the last 52 weeks.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.