FONT-SIZE Plus   Neg

Expeditors International Of Washington Q4 Profit Decreases On Higher Expenses

Expeditors International of Washington, Inc. (EXPD) reported that its fourth-quarter net earnings attributable to shareholders decreased to $84.21 million or $0.40 per share from $92.84 million or $0.43 per share last year.

Total revenues increased to $1.53 billion from $1.50 billion last year. Although revenues increased year-over-year, higher operating expenses resulted in the company reporting a lower operating income for the quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.43 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $1.51 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features. Blaming higher egg prices and other rising costs, Dunkin's Donuts will close 100 stores, all of them Speedway gas station and convenience store locations. Micron Technology, Inc. said that its fourth quarter profit fell 59% from last year, as sales declined and gross margins deteriorated amid weak demand and pricing pressures due to continued softness in the personal computer market. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly sales.
comments powered by Disqus
Trade EXPD now with 
Follow RTT