Expeditors International of Washington Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Expeditors International of Washington (NYSE:EXPD) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.44b (up 8.9% from 2Q 2023).
• Net income: US$175.5m (down 11% from 2Q 2023).
• Profit margin: 7.2% (down from 8.8% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.24 (down from US$1.31 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Expeditors International of Washington Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are down 6.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Expeditors International of Washington that we have uncovered.

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