BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported first-quarter profit of $229.6 million.
On a per-share basis, the Bellevue, Washington-based company said it had net income of $1.71.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The logistics services provider posted revenue of $2.78 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.58 billion.
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