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By this point in the earnings cycle, the trends are firmly established with what most transportation companies experienced in their finances during the prior quarter.
Expeditors International (NASDAQ: EXPD) is no different.
The asset-light logistics company, which is a member of the Dow Jones Transportation Average and which is a dividend aristocrat with 25 years of annual increases in payouts to shareholders, topped Wall Street estimates for both earnings per share and revenue. GAAP EPS came in at $1.67; Wall Street consensus had put it 61 cents less than that, according to Seeking Alpha. Revenue of $3.36 billion beat consensus forecasts by $640 million.