Investing.com - Expeditors Washington reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Expeditors Washington announced earnings per share of $0.71 on revenue of $1.9B. Analysts polled by Investing.com anticipated EPS of $0.64 on revenue of $1.81B. That with comparison to EPS of $0.8 on revenue of $2.02B in the same period a year before.Expeditors Washington had reported EPS of $0.79 on revenue of $2.04B in the previous quarter.Analysts are expecting EPS of $0.73 and revenue of $1.87B in the upcoming quarter.
Expeditors Washington shares are down 5% from the beginning of the year and are trading at $73.35 , down-from-52-week-high.They are under-performing the Nasdaq which is down 1.67% year to date.
Expeditors Washington shares gained 2.60% in intra-day trade the report.
Expeditors Washington follows other major Transportation sector earnings this month
Expeditors Washington's report follows an earnings beat by Union Pacific on Thursday, April 23, 2020, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
United Parcel Service had missed expectations on Tuesday, April 28, 2020 with first quarter EPS of $1.15 on revenue of $18.04B, compared to forecast for EPS of $1.24 on revenue of $17.26B.
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