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Stock impact report

Expeditors Issues Earnings Guidance

Expeditors International of Washington, Inc. (EXPD) 
Last expeditors international of washington, inc. earnings: 2/18 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.expeditors.com
Company Research Source: Business Wire
SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced that preliminary unaudited results for its fiscal fourth quarter 2019 operating income is expected to fall in a range of $177 million to $183 million and that diluted earnings attributable to shareholders per share is expected to range between $0.78 and $0.81. Estimated diluted net earnings per share has been calculated using the Company’s effective tax rate of 25.6% for the first nine months of 2019. The actual effective tax rate for the fourth quarter of 2019 may differ significantly from this rate and is dependent on the final calculation of the December 31, 2019 income tax provision.“We recognize that our revenue and earnings will be below prior-year results and analyst consensus estimates,” said Jeffrey S. Musser, President and Chief Executive Officer. “However, we do not believe this to be a business model/performance issue and instead believe it ties more closely to the busi Show less Read more
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