XPO (XPO) reported Q1 adjusted earnings Wednesday of $0.73 per diluted share, down from $0.81 a year earlier.

Analysts polled by FactSet expected $0.66.

Revenue for the quarter ended March 31 was $1.95 billion, compared with $2.02 billion a year earlier.

Analysts surveyed by FactSet expected $1.98 billion.

Shares of the company rose over 5% in recent premarket activity.

Price: 103.00, Change: +5.57, Percent Change: +5.72