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XPO Logistics Inc. missed fourth-quarter earnings & sales expectations, causing its stock to plummet around -17% Friday. The transportation and warehousing company reported adjusted earnings of 72 cents a share, lower than analysts' expectations of 84 cents. Quarterly revenue came in at $4.39 billion, missing analysts’ estimate of $4.56 billion.XPO indicated that reduction of business from its largest customer pulled back revenue by $46 million in the fourth quarter. For full year 2019, XPO is predicting revenue growth in the range of 3% to 5%, with organic revenue growth of 4% to 6%.

This comes after the previous day’s sharp drop in its stock price. On Thursday, XPO shares lost -26% after short-seller Spruce Point Capital Management expressed concerns over the transportation & logistics operator’s “unreliable and dubious financials” , and also was apprehensive of the company’s large debt. But the decline was partly offset by Friday’s solid jump in XPO stock price.Deutsche Bank on Friday said it found Spruce Point’s report to contain “highly misleading statements and inaccuracies related to basic calculations” .

Transportation and logistics solutions provider, XPO Logistics Inc, caught many of its investors off guard after the surprising announcement of its 2019 outlook. Hearing the earnings warning and seeing the negative report from short-seller Spruce Point Capital, investors rushed for the exits as shares of the transportation company dropped nearly -9.6% on Wednesday and another -20.4% on Thursday. Amidst this chaos, XPO hit investors with another announcement that may have helped turn the tide.The Board of Directors of XPO Logistics authorized the company to repurchase up to $1 billion of its common stock, and shares of the company rebounded nearly +7.3% on Friday’s pre-trade. Carrying a nearly $4.7 billion debt burden, the company revealed that it intends to fund the repurchases program with existing cash, borrowing on XPO's revolving credit facility and/or other financing sources.

Trucking and logistics company XPO Logistics, saw its share fall by ~10% on Tuesday after it had issued an earnings warning of an 8-K filing with the SEC. According to this filing, XPO expects its performance to remain on track to generate approximately $625 million of free cash flow for 2018 while for 2019 it expects to generate approximately $650 million of free cash flow.But the company revised its EBIDTA growth rate and expects to grow its adjusted EBITDA only by 12%-15% on a y-o-y basis in 2019. Although it’s a double digit EBIDTA growth, but this is what led to the share tumble of 9.6%.