Reported 1 day ago
Expeditors International's stock soared to an all-time high of $238.03 after reporting earnings that, while not exceptionally strong, surpassed Wall Street's expectations. Despite a slight decline in diluted net earnings and operating income, a significant rise in customs brokerage revenue and steady airfreight volume contributed to the stock's jump, reflecting a broader response to better-than-anticipated earnings and forecasts. Analysts anticipate ongoing challenges in the ocean freight sector, but the overall performance positions Expeditors favorably in the transportation market.
Source: YAHOO