Expeditors International Of Washington Stock News

Global logistics company shuts down operations systems following cyber-attack

Shares of Expeditors International of Washington Inc. shot up 3.6% in premarket trading after the provider of airfreight, ocean freight and customers brokerage services reported big fourth-quarter profit and revenue beats, but also announced a cyberattack that forced a shutdown of most of its operating systems. Net income more than doubled to $454.0 million, or $2.66 a share, from $199.5 million, or $1.16 a share, in the year-ago period. The FactSet consensus of earnings per share was $2.10. Revenue jumped 81.0% to $5.40 billion, well above the FactSet consensus of $4.43 billion. Cost of transportation and other expenses hiked up 87.1% to $4.03 billion, as salaries and other operating expenses increased 36.4%. The company cautioned that if demand and rates return to pre-pandemic levels then revenue and income are likely to decline from record highs seen in 2021. Separately, the company said it determined on Feb. 20 that it was subject of a targeted cyberattack, leading it to shut down most of its global operating systems.

Expeditors' (EXPD) Q4 results benefit from strong airfreight tonnage volumes and higher revenues across all segments.

Expeditors press release (EXPD): Q4 GAAP EPS of $2.66 beats by $0.57.Revenue of $5.39B (+80.9% Y/Y) beats by $920M.

SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced fourth quarter 2021 financial results, including the following highlights compared to the same quarter of 2020: Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 129% to $2.66 Net Earnings Attributable to Shareholders increased 128% to $453 million Operating Income increased 121% to $624 million Revenues increased 81% to $5.4 billion Airfreight tonnage volume increased

Expeditors International (EXPD) delivered earnings and revenue surprises of 31.68% and 26.76%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the s

This article has been indexed from Security Affairs American worldwide logistics and freight forwarding company Expeditors International shuts down global operations after cyber attack American logistics and freight forwarding company Expeditors International was hit by a cyberattack over the weekend that paralyzed most of its operations worldwide. Expeditors company has over 18,000 employees worldwide and has annual gross revenue

American worldwide logistics and freight forwarding company Expeditors International shuts down global operations after cyber attack

Logistics giant Expeditors International has shut down most of its operations systems after being targeted in a ransomware attack, the company said.  The effects on the Seattle-based company's operat

Related Stocks: CVS , EXPD , BSCN , RSP , ALB , FBHS , VUSB , PEBO , MUB , AOR , BBY , SCHD , BSCL , WWW , APO , EOG , IRTC , KNDI ,

Expeditors' (EXPD) Q4 performance is likely to have benefited from higher Airfreight Services revenues, partly offset by labor and equipment shortages.

If history is any guide, there may be trouble ahead for shares of Expeditors International (NASDAQ: EXPD ). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses … Full story available on Benzinga.com

T. Rowe Price: Of The 10 Most Beaten-Down Dividend Champs, This Is Our Favorite

Expeditors International (EXPD) closed the most recent trading day at $109.58, moving +0.03% from the previous trading session.