Expeditors Int'l (EXPD) Tops Q1 EPS by 11c, Revenues Miss
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Expeditors Reports First Quarter 2023 EPS of $1.45
May 2, 2023 8:30 AM EDTSEATTLE--(BUSINESS WIRE)-- Expeditors International of Washington, Inc. (NASDAQ: EXPD) today announced first quarter 2023 financial results including the following comparisons to the same quarter of 2022:
Diluted Net Earnings Attributable to Shareholders per share (EPS1) decreased 29% to $1.45 Net Earnings Attributable to Shareholders decreased 35% to $226 million Operating Income decreased 40% to $276 million Revenues decreased 44% to $2.6 billion Airfreight tonnage volume decreased 6% and ocean container volume decreased 26%Operating conditions during the first quarter of 2023 were very similar to what we experienced in the fourth quarter of 2022, when... More
