Expeditors Leads Air Freight Group with Strongest Q1 Results

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Expeditors reported the strongest first-quarter results among the four air freight and logistics stocks tracked, with revenues of $2.78 billion, up 4.4% year on year and exceeding analyst expectations by 6.5%. The group as a whole posted a very strong quarter, with aggregate revenues beating consensus estimates by 2.3%. FedEx delivered the fastest revenue growth among peers at 8.3% to $24 billion, while C.H. Robinson Worldwide had the weakest performance against estimates with flat revenues of $4.01 billion. United Parcel Service saw revenues decline 1.6% to $21.2 billion, the slowest growth in the group. Despite the overall revenue beat, share prices across the group have declined an average of 1.6% since reporting.

Impact on stocks 4

Industrials± Mixed · 4 stocks
CH Robinson Worldwide Inc
CHRW
▼ NegativeCapitalrelevance

C.H. Robinson had the weakest performance against estimates with flat revenues of $4.01 billion.

FedEx Corporation
FDX
▲ PositiveCapitalrelevance

FedEx delivered the fastest revenue growth among peers at 8.3% to $24 billion.

United Parcel Service Inc
UPS
▼ NegativeCapitalrelevance

United Parcel Service saw revenues decline 1.6% to $21.2 billion, the slowest growth in the group.

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