XPO Logistics beats by $0.17, reports revs in-line; reaffirms FY17/FY18 adjusted EBITDA targets (48.77 -1.40)
- Reports Q1 (Mar) earnings of $0.30 per share, excluding non-recurring items, $0.17 better than the Capital IQ Consensus of $0.13; revenues rose 2.7% year/year to $3.54 bln vs the $3.56 bln Capital IQ Consensus.
- The company reaffirmed its full year targets for adjusted EBITDA of at least $1.35 billion for 2017 and at least $1.575 billion for 2018.
- The company also reaffirmed its 2017-2018 cumulative free cash flow target of approximately $900 million, including at least $350 million of free cash flow generated in 2017.