“Expeditors Defies Odds: Surpasses Profit Predictions Despite Sinking Revenue & Weak Logistics Demand”
Expeditors International of Washington Inc., a global logistics company, reported its Q1 2021 results, which showed a net income of $226 million or $1.45 per share, down from $346.1 million or $2.05 per share in the same period last year. While the profit exceeded expectations, the company’s revenue fell 44.4% to $2.59 billion, underperforming the […]
Avis Q1 Profits Soar, Beating Wall Street Predictions Amid Sky-High Demand for Rental Cars
Shares of global car rental group Avis Budget Group Inc. (CAR) fell by approximately 1% in extended trading on Monday. This move came after the New Jersey-based company announced first-quarter earnings and revenue that surpassed analyst expectations. The success was partially attributed to strong demand, along with per day revenue that was in line with […]
Exxon Mobil Shatters Expectations with Record Earnings & Impressive Revenue Despite Falling Forecasts
Exxon Mobil has reported positive results in its first-quarter earnings, surpassing market expectations, despite lower prices negatively impacting revenue. The company’s net income more than doubled to $11.43 billion, equivalent to $2.79 per share, as it continues to ramp up production in the Permian Basin, despite the environmental cost. Although Exxon Mobil’s stock slipped 0.2% […]