Expeditors International of Washington

Services | Air Delivery & Freight Services | USA
Expeditors' (EXPD) Q4 Earnings Surpass Estimates, Up Y/Y

Expeditors International of Washington (EXPD - Free Report) performed impressively in the fourth quarter of 2018, reporting better-than-expected earnings and revenues.

The company’s earnings of $1.02 per share, surpassed the Zacks Consensus Estimate by 17 cents. Also, the bottom line increased on a year-over-year basis. Results were aided by higher revenues and a lower effective tax rate.

Revenues came in at $2,235.6 million outpacing the Zacks Consensus Estimate of $2,126.5 million. The top line improved 18% from the year-ago figure.

Growth was witnessed across all major divisions of the company. Volumes with respect to airfreight tonnage and ocean container increased 2% and 10%, respectively, on a year-over-year basis.

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https://www.zacks.com/stock/news/355479/...ates-up-yy

Expeditors (EXPD) Q1 Earnings Lag Estimates, Revenues Beat

Expeditors International of Washington EXPD  posted mixed results in the in the first quarter of 2019. The company reported better-than-expected revenues but lower-than-expected earnings per share.

The company’s earnings of 80 cents per share fell short of the Zacks Consensus Estimate by 5 cents. However, the bottom line increased on a year-over-year basis. The year over year improvement was owing to higher revenues and a lower effective tax rate. Effective tax rate declined to 28.3% in the reported quarter from 31.1% a year-ago.

Revenues came in at $2.02 billion outpacing the Zacks Consensus Estimate of $1.96 billion. The top line improved 9% from the year-ago figure. Volumes with respect to airfreight tonnage decreased 4% while ocean container volumes increased 6% on a year-over-year basis.

Gross profit (net revenues) increased 3% year over year in the first quarter of 2019 to $654 million. Gross margin (yield) came in at 32.4% compared with 34.3% in the year-ago quarter.

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https://finance.yahoo.com/news/expeditor...02080.html

Expeditors (EXPD) Q2 Earnings Top, Rise Y/Y on Higher Revenues

Expeditors International of Washington EXPD posted mixed results in the second quarter of 2019 with better-than-expected earnings but lower-than-estimated revenues.

Results in Detail

The company’s earnings of 88 cents per share surpassed the Zacks Consensus Estimate of 80 cents. Moreover, the bottom line increased 11% on a year-over-year basis. This year-over-year improvement was owing to higher revenues and a lower effective tax rate. Effective tax rate declined to 23.6% in the reported quarter from 25.8% a year ago.

The earnings beat and its year over year improvement perhaps pleased investors. Consequently, shares of the company were up in early trading.

Although revenues of $2.04 billion fell short of the Zacks Consensus Estimate of $2.05 billion, the same improved 4% from the year-ago figure.


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https://finance.yahoo.com/news/expeditor...04159.html