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SEATTLE (AP) — SEATTLE (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported fourth-quarter profit of $158.7 million.
On a per-share basis, the Seattle-based company said it had net income of $1.09.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The logistics services provider posted revenue of $2.28 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $2.24 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPD at https://www.zacks.com/ap/EXPD