Expeditors International: 3Q Earnings Snapshot
SEATTLE (AP) _ Expeditors International of Washington Inc. (EXPD) on Tuesday reported third-quarter profit of $160.2 million.
The Seattle-based company said it had profit of 92 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The logistics services provider posted revenue of $2.07 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $2.15 billion.
Expeditors International shares have increased almost 10% since the beginning of the year, while the Standard & Poor’s 500 index has risen 23%. The stock has increased 8% in the last 12 months.