Categories Analysis, Industrials
Expeditors International reports double-digit growth in Q3 revenue and profit
Logistics company Expeditors International of Washington, Inc. (NASDAQ: EXPD) announced financial results for the third quarter of 2024, reporting a sharp increase in revenue and net income.
- On a per-share basis, net income attributable to shareholders increased 41% year-over-year to $1.63 in Q3
- Net income attributable to the company was $230 million in the September quarter, up 34% year-over-year
- Revenues increased 37% annually to $3.0 billion during the three months; airfreight tonnage and container volume rose 19% and 12%, respectively
- At $302 million, operating Income was up 40% compared to the prior-year period
- The company repurchased $140 million of shares during the third quarter and $603 million year-to-date
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
MS Earnings: Morgan Stanley Q1 2025 revenue and earnings beat estimates
Morgan Stanley (NYSE: MS) on Friday reported higher revenues and net profit for the first quarter of 2025. The latest numbers also exceeded analysts’ estimates. The company reported net revenues
WFC Earnings: Key quarterly highlights from Wells Fargo’s Q1 2025 financial results
Wells Fargo & Company (NYSE: WFC) reported its first quarter 2025 earnings results today. Total revenue decreased 3% year-over-year to $20.15 billion. Net income grew 6% to $4.89 billion and
JPM Earnings: All you need to know about JPMorgan’s Q1 2025 earnings results
JPMorgan Chase & Co. (NYSE: JPM) reported its first quarter 2025 earnings results today. Reported net revenue increased 8% year-over-year to $45.3 billion. Managed net revenue was $46 billion, also
