Plus   Neg

Expeditors Q4 Profit Rises

Expeditors International of Washington Inc. (EXPD) reported that its fourth-quarter net earnings attributable to shareholders increased 7% to $179.21 million from $166.97 million in the previous year. Net Earnings Attributable to Shareholders per share increased 11% to $1.02 from last year.

Revenues increased 18% to $2.24 billion from $1.90 billion last year. Net Revenues increased 8% to $681 million.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.85 per share and revenues of $2.15 billion. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
MillerCoors LLC has filed a lawsuit against Anheuser-Busch Companies LLC, part of Anheuser-Busch InBev, alleging that Anheuser-Busch's ad campaigns associating MillerCoors' products, Miller Lite and Coor Light, with corn syrup is "false and misleading." During the Super Bowl, ABInBev ran an advertising campaign that mocked Miller Lite and Coors Light use corn syrup in brewing. Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab. The European Union on Wednesday ordered Alphabet Inc.'s Google to pay an antitrust fine of 1.49 billion euros for abusing its dominant position in the online search advertising intermediation market by preventing competition. This is the third antitrust fine by the EU against Google and it represents 1.29 percent of the tech giant's turnover in 2018.
Follow RTT