Expeditors International: 3Q Earnings Snapshot
SEATTLE (AP) _ Expeditors International of Washington Inc. (EXPD) on Tuesday reported third-quarter earnings of $162.7 million.
On a per-share basis, the Seattle-based company said it had profit of 92 cents.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The logistics services provider posted revenue of $2.09 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.03 billion.
Expeditors International shares have risen 6.5 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 2 percent. The stock has climbed 19 percent in the last 12 months.