Expeditors Beats Estimates on Air Freight and Customs
Expeditors International posted a profit of $1.71 per share, beating estimates. Strong air freight and customs demand offset lower ocean freight revenue.
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EXPEDITORS INTL WASH INC reported first-quarter profit of $1.71 per share, beating analyst estimates of $1.33 per share on Tuesday. Revenue rose 4.4% to $2.78 billion, surpassing the $2.62 billion expected by LSEG analysts. Strong air freight and customs demand offset a 23% drop in ocean freight revenue during the period.
