Expeditors Paying More To Move Freight But Has Solid Quarter
By this point in the earnings cycle, the trends are firmly established with what most transportation companies experienced in their finances during the prior quarter. Expeditors International (NASDAQ: EXPD ) is no different. The asset-light logistics company, which is a member of the Dow Jones Transportation Average and which is a "dividend aristocrat" with 25 years of annual increases in payouts to shareholders, topped Wall Street estimates for both earnings per share and revenue. GAAP EPS came in at $1.67; Wall Street consensus had put it 61 cents less than that, according to Seeking Alpha. Revenue of $3.36 billion beat consensus forecasts by $640 million. Expeditors does not conduct a conference call with analysts. In the prepared statement accompanying the earnings, Expeditors President and CEO Jeffrey Musser said, "Never before in our experience has capacity been so scarce in both air and ocean at the same time." He added, "We are doing everything we can to leverage the strength of …
Expeditors Paying More To Move Freight But Has Solid Quarter
By this point in the earnings cycle, the trends are firmly established with what most transportation companies experienced in their finances during the prior quarter. Expeditors International (NASDAQ: EXPD ) is no different. The asset-light logistics company, which is a member of the Dow Jones Transportation Average and which is a "dividend aristocrat" with 25 years of annual increases in payouts to shareholders, topped Wall Street estimates for both earnings per share and revenue. GAAP EPS came in at $1.67; Wall Street consensus had put it 61 cents less than that, according to Seeking Alpha. Revenue of $3.36 billion beat consensus forecasts by $640 million. Expeditors does not conduct a conference call with analysts. In the prepared statement accompanying the earnings, Expeditors President and CEO Jeffrey Musser said, "Never before in our experience has capacity been so scarce in both air and ocean at the same time." He added, "We are doing everything we can to leverage the strength of …