Based in Seattle, WA, Expeditors International of Washington Inc. (EXPD - Free Report) is a leading third-party logistics provider. Expeditors’ track record with respect to earnings is a mixed one. The company has delivered a positive earnings surprise in two of the last four quarters, having lagged expectations in the other two.
Zacks Rank: Currently, Expeditors has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Expeditors’ adjusted earnings of 60 cents per share, thereby meeting the Zacks Consensus Estimate. Earnings declined 4.76% on a year over year basis due to higher costs.
Revenue: Revenues came in at $1,672 million beating the Zacks Consensus Estimate of$1,633 million. Revenues improved 13% from the year-ago figure.
Key Stats: Airfreight Services revenues improved 15.4% year over year to $671.9 million in the second quarter. Ocean Freight and Ocean Services revenues increased 13.7% year over year to $528.6 million. Customs Brokerage and Other Services revenues increased 10.1 % year over year to approximately $471.8 million.
Check back later for our full write up on this Expeditors earnings report later!
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