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Expeditors International: Q1 Earnings Snapshot

BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported first-quarter profit of $229.6 million.

On a per-share basis, the Bellevue, Washington-based company said it had net income of $1.71.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The logistics services provider posted revenue of $2.78 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.58 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

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