SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Expeditors Int'l (EXPD)
EXPD 77.58+0.7%3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: JakeStraw5/8/2008 7:47:52 AM
   of 87
 
Expeditors Int'l profit rises on freight, brokerage growth
biz.yahoo.com
Thursday May 8, 7:41 am ET

Expeditors Int'l 1st-qtr profit rises on freight and brokerage growth, but still misses views

SEATTLE (AP) -- Expeditors International of Washington Inc. said Thursday its first-quarter earnings rose 12 percent on growth across its freight and brokerage businesses, but the results narrowly missed Wall Street's expectations.

The company earned $66.5 million, or 30 cents per share, compared with $59.3 million, or 27 cents per share, in the year-ago quarter. The company said it took $1.6 million in legal fees related to a Department of Justice industry probe in the quarter.

Revenue rose 17 percent to $1.31 billion from $1.12 billion in the first quarter of 2007.

Analysts were expecting a profit of 31 cents per share on revenue of $1.3 billion, according to a poll by Thomson Financial.

Expeditors said airfreight revenue rose 16 percent to $599.8 million, while ocean freight revenue rose 19 percent to $446.8 million. Revenue in the company's brokerage division rose 15 percent to $260.8 million.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext