August 4, 2009 / 1:47 PM / 9 years ago

UPDATE 1-Expeditors Q2 profit in line with Street, sales miss

* Q2 EPS 25 cents in line with Street

* Q2 rev $895.4 mln vs $1 bln est

* Shares down 3 pct

Aug 4 (Reuters) - Global logistics service provider Expeditors International of Washington Inc (EXPD.O) posted quarterly profit in line with expectations, but its sales disappointed in a weak freight market.

The company reported second-quarter profit of $53.8 million, or 25 cents per share, compared with $71.6 million, or 32 cents a share, in the year-ago quarter.

Revenue fell 38 percent to $895.4 million.

Analysts on average expected the company to earn 25 cents a share, before items, on revenue of $1 billion, according to Reuters Estimates.

Shares of the Washington-based company were down nearly 3 percent at $33.81 in morning trade on Nasdaq. (Reporting by Eric Yep in Bangalore; Editing by Aradhana Aravindan)

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below