Investing.com - Expeditors Washington reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Expeditors Washington announced earnings per share of $2.09 on revenue of $4.32B. Analysts polled by Investing.com anticipated EPS of $1.79 on revenue of $3.69B.
Expeditors Washington shares are up 32% from the beginning of the year, still down 3.56% from its 52 week high of $130.49 set on July 23. They are outperforming the Nasdaq which is up 21.01% from the start of the year.
Expeditors Washington shares gained 2.71% 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 October 26, who reported EPS of $2.71 on revenue of $23.11B, compared to forecasts EPS of $2.55 on revenue of $22.57B.
Union Pacific had beat expectations on October 21 with third quarter EPS of $2.57 on revenue of $5.57B, compared to forecast for EPS of $2.48 on revenue of $5.41B.
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