Expeditors – staff dynamics, layoffs... and tech as a substitute
It all makes sense?
Expeditors yesterday announced its Q1 23 results. Highlights:
– 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%
Full details can be found here in the 8-K filing.
Stock down 2.77% on Tuesday, 2 May.
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Alex Lennane
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