Expeditors Intl Q4 EPS $1.09 Misses $1.23 Estimate, Sales $2.28B Miss $2.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Expeditors Intl (NASDAQ:EXPD) reported Q4 earnings of $1.09 per share, missing the $1.23 estimate, and sales of $2.28B, missing the $2.31B estimate. This represents a 21.01% decrease in earnings and a 33.81% decrease in sales from the same period last year.
February 20, 2024 | 1:32 pm
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NEGATIVE IMPACT
Expeditors Intl reported lower than expected Q4 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with such a significant year-over-year decrease, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100