Shares rise after stronger quarterly profit and revenue
Shares of Expeditors International of Washington (EXPD.N) rise nearly 1% to $172 in choppy early trading.
The global freight forwarder posts higher second-quarter profit as strong demand for airfreight services and shipments tied to AI data-center buildouts boosted revenue.
The company posts quarterly profit of $2.03/share, compared with $1.34/share a year earlier.
Its Q2 total revenue rises 32% to $3.5 billion, above analysts' estimate of $2.89 billion, according to LSEG data.
Airfreight tonnage increased 14% from a year earlier, while ocean container volume remained flat.
Including the session's move, shares are up 15.4% YTD.
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