Categories Earnings, Industrials
Earnings Summary: A snapshot of Expeditors International’s Q2 results
Expeditors International of Washington, Inc. (NASDAQ: EXPD) announced financial results for the second quarter of 2023. The logistics company said it would continue the efforts to streamline costs to align with the slowdown in demand.
- Earnings attributable to shareholders, on a per-share basis, was $1.30 in the June quarter, down 43% year-over-year
- Net income attributable to shareholders decreased 48% year-over-year to $197 million during the three-month period
- Second-quarter operating income was $248 million, down 51% from the prior-year period
- The bottom line was negatively impacted by a 51% fall in revenues to $2.2 billion
- In Q2, airfreight tonnage volume decreased 15%, and ocean container volume dropped13%
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024