Expeditors International Of Washington Q1 Profit Surges

(RTTNews) - Expeditors International of Washington, Inc. (EXPD) Tuesday announced a 135 percent increase in first-quarter earnings from the prior year, on 77 percent growth in revenue. The company reported first-quarter net profit of $287.22 million, up from $122.34 million a year ago. On a per share basis, earnings climbed to $1.67 from $0.71 last year.

On average, 14 analysts polled by Thomson Reuters expected the company to earn $1.04 per share on revenue of $2.63 billion. Revenue for the quarter was $3.357 billion, up 77 percent from $1.901 billion a year ago.