XPO Logistics (NYSE: XPO) beat the stock market on Thursday by beating analyst estimates for its most recently completed quarter. In an unorthodox and unexpected midday earnings release -- the delivery of which was scheduled to occur after market close -- the company unveiled its third quarter of fiscal 2020 results. These were impressive. On the top line, XPO booked $4.22 billion in revenue, and while this represented year-over-year growth of only 1.7%, it was well higher than the average analyst estimate of $3.85 billion. And while the non-GAAP (adjusted) net profit tumbled by almost 29% to $86 million, at $0.84 per share it was more than double the collective prognosticator projection of $0.40. Image source: XPO Logistics. In the earnings release, the company said that the far better-than-expected performance "was broad-based, spanning our service offerings and geographies." XPO made particular mention of supply chain outsourcing and its services in the e-commerce segment, the rise of which has been inflamed by the stay-at-home measures encouraged and (occasionally) mandated in the fight against the coronavirus. Of its two main segments, transportation and logistics, it was the latter that moved the growth needle. It was responsible for $1.58 billion in revenue for the quarter, up from the year-ago tally of $1.51 billion. As for transportation, its take of $2.68 billion was essentially unchanged from the Q3 2019 result. As with many companies reporting their quarterly figures over the past few months, XPO did not proffer any guidance. It did not provide a reason for this, although it's likely that the unpredictability of the outbreak is probably at least one factor. XPO's stock closed 4.2% higher on Thursday, well eclipsing the almost 2% gain of the S&P 500 index. 10 stocks we like better than XPO LogisticsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and XPO Logistics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends XPO Logistics. The Motley Fool has a disclosure policy.Source