Expeditors International of Washington Sees Net Income Climb

Expeditors International of Washington (NASDAQ: EXPD) announced its results for the second quarter on August 2, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:

Expeditors International of Washington let Wall Street down with 44 cents/share and revenues of $1.58 billion. Analysts were expecting 46 cents/share and revenues of $1.64 billion estimate. EPS rose 4.8% while revenue climbed 4.3% from the same period last year.



Last quarter marked the third in a row of rising net income. EXPD's revenue has increased the past four quarters on a year-over-year basis.

Income:

For the year, Expeditors International of Washington reported net income of $1.75/share. The company trumped analyst projections of $1.74 by 0.6%. According to the reported number, the company's income rose 5.2% from last year's levels.

Official Comment:

"We knew that the 2011 second quarter would be challenging, at least from a 'last year's triumph is this year's hurdle' perspective. Despite this 'hurdle,' our 2011 second quarter operating income growth shows that we executed well, particularly given all the factors currently in play," said Peter J. Rose, Chairman and Chief Executive Officer. "We didn't have some of the non-operating windfalls that benefited the 2010 second quarter, but these sound operating results reflect the solid execution in very dynamic ocean and airfreight markets and even in the more staid customs brokerage arena that has become our hallmark. Significantly, operating income as a percentage of net revenue remained above 32% for the fifth consec.

Industry:

Expeditors International of Washington is in the transportation-services industry. That industry is currently enjoying price/earnings growth of 0.9%. With its recently reported EPS, the company is outpacing the industry's estimated average by 67%.

What to Do Next:

Now you're all set to decide what to do with those Expeditors International of Washington shares until the next earnings announcement. Whether you buy, sell or hold, check back with before the company's next earnings release for a full preview.

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