RXO Inc. reports Q1 adjusted EPS 11c, consensus 7c

Reports Q1 revenue $1.01B, consensus $1.07B. Drew Wilkerson, CEO of RXO, said, "RXO continued to deliver solid results in the first quarter, despite the current challenges in the freight market and the economy. Our brokerage business gained market share and recorded a 6 percent increase in volume year-over-year. We also maintained best-in-class brokerage gross margin of 16.3 percent."