Expeditors International Is Getting Slammed

The transportation stocks have been getting punished hard lately. Today’s victim is our very own Expeditors International (EXPD).
The company reported earnings today of 25 cents a share, which was just a penny below expectations. The stock is currently down $6 a share, or over 13%. Frankly, the stocks strong rally during the first half of the year pushed it into overpriced territory, so some selling was due.

Posted by on August 1st, 2006 at 2:55 pm


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