03.05.2016 15:01:55

Expeditors International of Washington Inc. Q1 Income Falls 9%

(RTTNews) - Expeditors International of Washington Inc. (EXPD) released earnings for first quarter that dropped from last year.

The company said its profit totaled $96.58 million, or $0.53 per share. This was down from $106.70 million, or $0.55 per share, in last year's first quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.5% to $1.42 billion. This was down from $1.68 billion last year.

Expeditors International of Washington Inc. earnings at a glance:

-Earnings (Q1): $96.58 Mln. vs. $106.70 Mln. last year. -Earnings Decline (Y-o-Y): -9.5% -EPS (Q1): $0.53 vs. $0.55 last year. -EPS Decline (Y-o-Y): -3.6% -Analysts Estimate: $0.54 -Revenue (Q1): $1.42 Bln vs. $1.68 Bln last year. -Revenue Change (Y-o-Y): -15.5%

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