Shares of global logistics company Expeditors International surged 5.58% in pre-market trading on Tuesday after the company reported strong fourth-quarter 2024 results that exceeded analyst expectations.
Expeditors posted quarterly earnings per share of $1.69, beating the consensus estimate of $1.41 by nearly 20%. Revenues of $2.955 billion also came in above the $2.809 billion expected by analysts, increasing 29.72% year-over-year.
The impressive results highlight Expeditors' ability to efficiently manage global supply chains and capitalize on robust demand for logistics services amidst the ongoing economic recovery. With its asset-light business model and strategic expansion, the company appears well-positioned to benefit from the continued growth in international trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.