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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
![[Bild: EXPDc1dl1443.png]](https://finviz.com/publish/021919/EXPDc1dl1443.png)
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.
...
https://www.zacks.com/stock/news/355479/...ates-up-yy
