Expeditors International: Q4 Earnings Snapshot

SEATTLE (AP) — SEATTLE (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported fourth-quarter net income of $158.7 million.

On a per-share basis, the Seattle-based company said it had profit of $1.09.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The logistics services provider posted revenue of $2.28 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $2.24 billion.

For the year, the company reported profit of $752.9 million, or $5.01 per share. Revenue was reported as $9.3 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPD at https://www.zacks.com/ap/EXPD