Expeditors Int'l (EXPD) Misses Q3 EPS by 6c
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Expeditors Reports Third Quarter 2016 EPS of $0.59
November 8, 2016 9:00 AM ESTSEATTLE, Nov. 08, 2016 (GLOBE NEWSWIRE) -- Expeditors International of Washington, Inc. (NASDAQ: EXPD) today announced third quarter 2016 financial results including the following highlights compared to the same quarter of 2015:
Diluted Net Earnings Attributable to Shareholders per share (EPS1) decreased 5% to $0.59Net Earnings Attributable to Shareholders decreased 9% to $108 millionOperating Income decreased 13% to $167 millionRevenues decreased 5% to $1.6 billionNet Revenues2 decreased 4% to $545 millionAirfreight tonnage volume increased 7% and ocean container volume increased 3%We grew our business even as rates were rapidly adjusting to a very fluid marketplace... More
