Expeditors International of Washington (EXPD) NewsBite - EXPD Earnings Disappoint

Posted: Tuesday, November 03, 2009 11:18 AM EDT

Expeditors International of Washington (NasdaqNM: EXPD) opened at $32.34. So far today, the stock has hit a low of $31.69 and a high of $32.48. EXPD is now trading at $32.44, down $0.99 (-2.96%). Over the last 52 weeks the stock has ranged from a low of $23.86 to a high of $40.50. EXPD reported a third-quarter profit this morning of 27 cents per share, missing analysts' forecasts of 29 cents per share. Technical indicators for the stock are bullish and S&P gives EXPD a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on EXPD the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]

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