Expeditors International: 4Q Earnings Snapshot
SEATTLE (AP) _ Expeditors International of Washington Inc. (EXPD) on Tuesday reported fourth-quarter net income of $179.2 million.
On a per-share basis, the Seattle-based company said it had net income of $1.02.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The logistics services provider posted revenue of $2.24 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.13 billion.
For the year, the company reported profit of $618.2 million, or $3.48 per share. Revenue was reported as $8.14 billion.
Expeditors International shares have climbed 8 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 11 percent. The stock has climbed 15 percent in the last 12 months.