GXO Logistics IncEarnings and guidance disappoint, causing shares to plunge.
GXO Logistics shares fell as much as 12.8% after the company reported second-quarter earnings and maintained its full-year outlook. The contract logistics provider kept its 2026 organic revenue growth guidance at 4% to 5% and narrowed its earnings per share forecast to $2.95 to $3.15, with the midpoint unchanged at $3.05. Investors had expected stronger momentum given improving industrial sector conditions, and concerns persist over Amazon's entry into supply chain services. Management said margins would improve in the second half of 2026 and accelerate into 2027, with more details promised at a mid-November investor day.
GXO Logistics IncEarnings and guidance disappoint, causing shares to plunge.
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