BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported fourth-quarter profit of $235.9 million.
On a per-share basis, the Bellevue, Washington-based company said it had net income of $1.68.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The logistics services provider posted revenue of $2.95 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.62 billion.
For the year, the company reported profit of $810.1 million, or $5.72 per share. Revenue was reported as $10.6 billion.
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