Expeditors International of Washington (EXPD) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.63 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.58. The company posted revenue of $1475.20 million in the period, compared to analysts expectations of $1531.36 million. The company’s revenue was down -12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Expeditors International of Washington closed down -0.72 points or -1.44% at $49.43 with 23,55,289 shares getting traded on Friday. Post opening the session at $49.72, the shares hit an intraday low of $48.89 and an intraday high of $49.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 2, 2016, Eugene K Alger (Executive VP Global Services) sold 12,460 shares at $48.50 per share price. According to the SEC, on May 27, 2016, Daniel R Wall (President, Global Products) sold 10,000 shares at $48.97 per share price. On Mar 10, 2016, Jeffrey S Musser (President and CEO) sold 9,460 shares at $47.42 per share price, according to the Form-4 filing with the securities and exchange commission.
Expeditors International of Washington Inc. is engaged in the business of providing global logistics services. The Companys services include air and ocean freight transportation and customs brokerage. The Company also provides additional services including order management time-definite transportation warehousing and distribution cargo insurance and logistics solutions. The Company operates in Americas including the United States Other North America and Latin America; Asia Pacific; Europe and Middle East Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline which carries the shipment. The Company operates Expeditors International Ocean Inc. (EIO) an Ocean Transportation Intermediary also known as Non-Vessel Operating Common Carrier (NVOCC) which specializes in ocean freight services in trade lanes across the world.