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Non-Tech : Expeditors Int'l (EXPD)
EXPD 76.96-0.4%10:47 AM EDT

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From: JakeStraw8/7/2007 9:24:24 AM
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Expeditors Announces 2nd Quarter Earnings Per Share of $.30, up 20%
biz.yahoo.com
Tuesday August 7, 9:10 am ET

SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced net earnings of $65,489,000 for the second quarter of 2007, as compared with $56,329,000 for the same quarter of 2006, an increase of 16%. Net revenues for the second quarter of 2007 increased 12% to $354,574,000, as compared with $315,687,000 reported for the same quarter of 2006. Total revenues and operating income were $1,258,618,000 and $101,738,000 in 2007, as compared with $1,131,441,000 and $88,803,000 for the same quarter of 2006, increases of 11% and 15%, respectively. Diluted net earnings per share for the second quarter were $.30, as compared with $.25 for the same quarter in 2006, an increase of 20%. The company also reported that same store net revenues and operating income increased 12% and 15%, respectively, for the second quarter of 2007 when compared with 2006.

For the six months ended June 30, 2007, net earnings rose to $124,777,000 from $108,681,000 in 2006, an increase of 15%. Net revenues for the six months increased to $688,710,000 from $613,829,000 for 2006, up 12%. Total revenues and operating income for the six months were $2,377,564,000 and $196,263,000 in 2007, as compared with $2,157,978,000 and $174,204,000 for the same period in 2006, increases of 10% and 13%, respectively. Diluted net earnings per share for the first two quarters of 2007 were $.56 as compared with $.49 for the same period of 2006, an increase of 14%. Same store net revenues and operating income increased 12% and 13%, respectively, for the six months ended June 30, 2007, when compared with same period of 2006.
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