20.02.2024 16:21:52 - dpa-AFX: Expeditors International Of Washington Shares Fall On Lower Profit, Revenue In Q4
SEATTLE (dpa-AFX) - Shares of Expeditors International of Washington, Inc.
(EXPD) are falling more than 6 percent after reporting lower profit for the
fourth quarter.
Profit for the quarter declined 28 percent year-on-year to $159 million.
Earnings per share decreased 21 percent to $1.09, that missed the average
estimate of analysts polled by Thomson-Reuters of $1.23 per share.
Quarterly revenues fell 34 percent to $2.3 billion. The consensus estimate was
for $2.31 billion.
EXPD, currently at $116.14, has traded in the range of $102.89 - $131.17 in the
last 1 year.
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