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

AVGO Earnings: Broadcom Q2 2024 revenue and profit beat estimates

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Wednesday reported higher second-quarter revenues and adjusted earnings. The results also topped analysts' expectations. Earnings, excluding non-recurring items, came in at $10.96 per

Key takeaways from Oracle’s (ORCL) Q4 2024 earnings report

Oracle Corporation’s (NYSE: ORCL) stock rallied this week after the company announced large cloud infrastructure deals with tech giants Google, OpenAI, and Microsoft. The demand for Oracle's generative AI infrastructure

ZDGE Earnings: Zedge reports higher revenues and adj. profit for Q3 2024

Content distribution platform Zedge, Inc. (NYSE American: ZDGE) has reported higher net income for the third quarter of 2024, on an adjusted basis. The bottom line benefitted from a double-digit

Add Comment
Viewing Highlight