Expeditors International: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 08:40 AM ET
Last Updated - Jun 22, 2023, 12:00 AM EDT
SEATTLE (AP) — SEATTLE (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported first-quarter profit of $226 million.
The Seattle-based company said it had net income of $1.45 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The logistics services provider posted revenue of $2.59 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $3.15 billion.
