logo
Share SHARE
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
Concept drawings for a giant U-shaped skyscraper in the New York City were released this week, which is deemed to be the longest building in the world. The concept, which is called Big Bend, would be a skinny, curved structure. The glass-lined tower would be in the shape of an upside U and will be running 4,000-feet-long from end to end on Billionaire's Row. Alaska Air Group Inc., which completed its $2.6 billion acquisition of Virgin America last year, said that the combined company will adopt Alaska Air's name and logo. The Virgin America name will be retired, "likely sometime in 2019," the airline added. Apple Inc. has agreed to acquire Workflow, an iOS app for automating tasks, as well as its development team for an undisclosed sum. Workflow is a personal automation tool that enables the user to drag and drop combination of actions to create workflows for the iPhone, iPad and Apple Watch.
comments powered by Disqus
Follow RTT