“We recognise that our revenue and earnings will be below prior-year results and analyst consensus estimates. However, we do not believe this to be a business model/performance issue and instead believe it ties more closely to the business environment in which we are operating.” – Jeffrey S. Musser, president and chief executive officer of Expeditors, 17 January 2020.
Let’s keep it nice and short: the Expeditors (EXPD) plunge on the stock market …
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Source: The Loadstar