Expeditors International had a strong fourth quarter across the board, with both revenue and profits beating analyst estimates.
Revenue of $2.95 billion was up 30% from the corresponding quarter of 2023. Operating income was up 51% and net earnings rose 49%. Both figures topped analysts’ projections, according to SeekingAlpha, with the GAAP earnings per share of $2.68 beating consensus forecasts by 24 cents a share and revenue topping forecasts by $190 million.
Expeditors (NASDAQ: EXPD) is a 3PL...