XPO Logistics’ third-quarter loss widened from a year ago, but revenue more than tripled.
The company lost $6 million, or 28 cents per share, compared with a loss of $3.2 million, or 22 cents, a year ago. Revenue more than doubled to $194 million, from $71 million.
XPO reaffirmed its full-year outlook of an annual revenue run rate of more than $1 billion, and positive earnings before taxes for the fourth quarter.
“While we reported a loss, as expected, our strategic investments are driving significant revenue growth and margin improvement. Given our trajectory, we’re on track to meet our 2013 targets,” Chairman and CEO Bradley Jacobs said in a statement.