Expeditors (EXPD) Q2 Earnings In Line, Revenues Beat Estimates

Expeditors International of Washington's (EXPD) second-quarter 2024 earnings of $1.24 per share matched the Zacks Consensus Estimate. The bottom line declined 4.6% year over year due to high costs. Total revenues of $2.44 billion beat the Zacks Consensus Estimate of $2.22 billion and increased 8.9% year over year. Airfreight tonnage volume increased 15% and ocean container volume decreased 3% year over year. We had expected airfreight tonnage to increase 4% and ocean container volumes to decline 5.7% from s ...