GREENWICH, Conn. – November 2, 2016 – XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the third quarter of 2016. Total revenue increased 57.2% year-over-year to $3.7 billion. Net income attributable to common shareholders was $13.8 million for the quarter, or earnings of $0.11 per diluted share, compared with a net loss attributable to common shareholders of $93.1 million, or a loss of $0.94 per diluted share, for the same period in 2015.
The adjusted net income attributable to common shareholders, a non-GAAP financial measure, was $49.8 million, or adjusted earnings of $0.41 per diluted share for the third quarter of 2016, excluding the items detailed below. This compares with an adjusted net loss attributable to common shareholders of $15.2 million, or an adjusted loss of $0.15 per diluted share, for the third quarter of 2015.
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