“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 …

The post On the wires: Expeditors feels the hurt, sheds $1.4bn value in three days appeared first on The Loadstar.

Source: The Loadstar