Expeditors Intl Q1 2024 GAAP EPS $1.17 Beats $1.06 Estimate, Sales $2.206B Miss $2.222B Estimate
Portfolio Pulse from Benzinga Newsdesk
Expeditors Intl (NASDAQ:EXPD) reported Q1 2024 earnings of $1.17 per share, surpassing the $1.06 estimate, but its sales of $2.206B fell short of the $2.222B estimate, marking a 14.92% decrease from the previous year.
May 07, 2024 | 12:30 pm
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Expeditors Intl reported higher-than-expected Q1 2024 earnings per share but missed sales estimates, with a significant year-over-year decrease.
The mixed results with an earnings beat but a miss on sales and a notable year-over-year decline in sales could lead to neutral market sentiment. Investors might appreciate the earnings beat, but concerns over the sales miss and the significant decrease compared to the previous year could temper any positive reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100