SEATTLE (AP) _ Expeditors International of Washington Inc. (EXPD) on Tuesday reported fourth-quarter earnings of $198.6 million.
The Seattle-based company said it had net income of $1.16 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The logistics services provider posted revenue of $3.17 billion in the period.
For the year, the company reported profit of $696.1 million, or $4.07 per share. Revenue was reported as $10.12 billion.
Expeditors International shares have risen 1.5% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 5%. The stock has climbed 30% in the last 12 months.
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
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