- 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%
Market News
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 […]
“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 […]
· August 9, 2023
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.
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