Investing.com - Expeditors Washington reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Expeditors Washington announced earnings per share of $1.09 on revenue of $2.58B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $1.84B.
Expeditors Washington shares are up 10% from the beginning of the year , still down 0.05% from its 52 week high of $85.87 set on August 3. They are under-performing the Nasdaq which is up 21.51% from the start of the year.
Expeditors Washington shares gained 4.14% in pre-market trade following the report.
Expeditors Washington follows other major Transportation sector earnings this month
Expeditors Washington's report follows an earnings beat by United Parcel Service on Thursday, who reported EPS of $2.13 on revenue of $20.55B, compared to forecasts EPS of $1.07 on revenue of $17.5B.
Union Pacific had beat expectations on July 23 with second quarter EPS of $1.67 on revenue of $4.24B, compared to forecast for EPS of $1.56 on revenue of $4.39B.
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