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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
![[Bild: EXPDc1dl1611.png]](https://finviz.com/publish/080619/EXPDc1dl1611.png)
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.
...
https://finance.yahoo.com/news/expeditor...04159.html
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