Expeditors Int'l (EXPD) Misses Q4 EPS by 59c
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Expeditors Reports Fourth Quarter 2022 EPS of $1.38
February 21, 2023 8:30 AM ESTSEATTLE--(BUSINESS WIRE)-- Expeditors International of Washington, Inc. (NASDAQ: EXPD) today announced fourth quarter 2022 financial results including the following highlights compared to the same quarter of 2021:
Diluted Net Earnings Attributable to Shareholders per share (EPS1) decreased 48% to $1.38 Net Earnings Attributable to Shareholders decreased 52% to $219 million Operating Income decreased 47% to $330 million Revenues decreased 36% to $3.4 billion Airfreight tonnage volume decreased 20% and ocean container volume decreased 15%As pandemic-related bottlenecks eased and air and ocean supply/demand imbalances began to dissipate in the first... More
