Expeditors falls after second-quarter profit miss

Expeditors International of Washington

06/08/2024 15:14

** Logistics provider Expeditor's shares  EXPD.N  fall ~5%
to $115 
    ** Co misses Wall Street estimates for Q2 profit, hurt by
low demand and geopolitical challenges weighing on its
airfreight and ocean routing divisions
    ** EXPD's Q2 net income falls to $175 million, compared with
196.8 million a year earlier
    ** Q2 EPS of $1.24 per share missed analysts' average
estimates of $1.26 - LSEG data
    ** Stock has fallen ~4% YTD

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com;))