Expeditors International Reports Strong Q4 Earnings, Exceeding Wall Street Expectations
BELLEVUE, Wash. - Expeditors International of Washington Inc. (EXPD) announced fourth-quarter earnings of $235.9 million, translating to $1.68 per share. These results surpassed Wall Street expectations, with analysts estimating earnings of $1.43 per share.
The logistics services provider's revenue reached $2.95 billion during the quarter, also exceeding analysts' projections of $2.62 billion.
For the full year, Expeditors reported a profit of $810.1 million ($5.72 per share) and revenue of $10.6 billion.