UBS Raises Price Target on Expeditors Int'l (EXPD) to $43; Maintains Sell Rating
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Expeditors Reports Second Quarter 2016 EPS of $0.63 Per Share 1
August 2, 2016 9:00 AM EDTSEATTLE--(BUSINESS WIRE)-- Expeditors International of Washington, Inc. (NASDAQ: EXPD) today announced second quarter 2016 financial results including the following highlights compared to the same quarter of 2015:
Diluted Net Earnings Attributable to Shareholders per share increased 3% to $0.63 Net Earnings Attributable to Shareholders decreased 1% to $116 million Operating Income decreased 2% to $179 million Revenues decreased 13% to $1.5 billion Net Revenues2 increased slightly to $553 million while yields increased 490 basis points to 37.5% Airfreight tonnage volume... More