Investing.com - Expeditors Washington reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Expeditors Washington announced earnings per share of $2.27 on revenue of $4.6B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $4.62B.
Expeditors Washington shares are down 20% from the beginning of the year and are trading at $105.00 , down-from-52-week-high.They are outperforming the Nasdaq which is down 20.94% from the start of the year.
Expeditors Washington shares lost 1.39% in pre-market trade the report.
Expeditors Washington follows other major Industrials sector earnings this month
Expeditors Washington's report follows an earnings beat by United Parcel Service on Tuesday, July 26, 2022, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday, July 21, 2022 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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