BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported first-quarter profit of $203.8 million.
The Bellevue, Washington-based company said it had net income of $1.47 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The logistics services provider posted revenue of $2.67 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $2.43 billion.
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