Expeditors International Boasts 9% Revenue Boost In Q2, Returns $205M To Shareholders
Portfolio Pulse from Akanksha Bakshi
Expeditors International Of Washington, Inc. (NYSE:EXPD) reported a 9% year-over-year revenue increase in Q2 to $2.439 billion, beating expectations. However, EPS fell 5% YoY to $1.24, missing the consensus of $1.26. Operating income decreased by 9.9%, and the company returned $205 million to shareholders. Shares are down 4.27%.
August 06, 2024 | 4:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Expeditors International reported a 9% revenue increase in Q2, beating expectations, but missed EPS estimates and saw a decline in operating income. The company returned $205 million to shareholders. Shares are down 4.27%.
Despite a revenue increase, the missed EPS expectations and decline in operating income are likely causing the stock to trade lower. The return of $205 million to shareholders is positive but not enough to offset the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100