Investing.com - Expeditors Washington reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Expeditors Washington announced earnings per share of $1.16 on revenue of $3.17B. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $2.49B.
Expeditors Washington shares are down 1% from the beginning of the year, still down 4.33% from its 52 week high of $98.37 set on February 11. They are under-performing the Nasdaq which is up 9.87% from the start of the year.
Expeditors Washington shares lost 2.56% in intra-day trade following the report.
Expeditors Washington follows other major Transportation sector earnings this month
Expeditors Washington's report follows an earnings beat by Union Pacific on January 21, who reported EPS of $2.36 on revenue of $5.14B, compared to forecasts EPS of $2.25 on revenue of $5.1B.
United Parcel Service had beat expectations on February 2 with fourth quarter EPS of $2.66 on revenue of $24.75B, compared to forecast for EPS of $2.14 on revenue of $22.87B.
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