BUZZ-QXO slumps after preliminary sales below estimate

Reuters

01/16

** Shares of building products distributor QXO QXO.N fall 4.2% at $23.96 in extended trading

** Sees Q4 preliminary net sales of $2.19 billion, compared with estimates of $2.21 billion - data compiled by LSEG

** Expects quarterly adjusted EBITDA of about $150 million vs estimates of $185 million

** Co announces $750 million in common stock offering

** Stock rose 21.3% in 2025

(Reporting by Koyena Das in Bengaluru)

((koyena.das@thomsonreuters.com))

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