BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported fourth-quarter profit of $200.7 million.
The Bellevue, Washington-based company said it had profit of $1.49 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The logistics services provider posted revenue of $2.86 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.8 billion.
For the year, the company reported profit of $810.3 million, or $5.95 per share. Revenue was reported as $11.07 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPD at https://www.zacks.com/ap/EXPD
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