On Tuesday, Expeditors International of Washington reported second-quarter 2014 earnings of $0.46 per share, missing Wall Street estimates of $0.47. Although quarterly results were better by 2% from the year-ago earnings of $0.45, the market did not care. Expeditors reported revenue growth of 6% in the quarter, in line with how we model the company’s long-term revenue growth. The … Read more
Expeditors recently announced that Peter J. Rose, the company’s CEO, would retire effective March 1, 2014. Rose will remain chairman through the company’s annual meeting in May 2015 as a means of assisting the new CEO — who the company expects to name in January — with building relationships with investors, customers, and other external … Read more
On Tuesday, February 26, Expeditors International reported earnings. The headlines reporting the company’s earnings announcement shouted disappointment. Zack’s Equity Research summed up investor sentiment, “Expeditors Reports Disappointing 4Q”. The market’s reaction was typical Monty Python: “run away”. Importantly, the price action of Expeditors is indicative of a market under the influence of the central banks, … Read more
Expeditors International is a global logistics company headquartered in Seattle, Washington. The company employs over 13,000 professionals in a worldwide network of over 250 locations across six continents. Expeditors International targets the sophisticated needs of international trade through customized solutions and integrated information systems. Their services include air and ocean freight consolidation and forwarding, vendor … Read more