Expeditors Int'l Of Washington Q2 Profit Down - Quick Facts

(RTTNews) - Global logistics company Expeditors International of Washington Inc. (EXPD) said that its net earnings attributable to shareholders for the second quarter of 2014 declined to $91.30 million from $92.32 million in the same quarter of 2013. But, net earnings per share for the quarter rose to $0.46, from $0.45 last year.

Net revenues increased 3% to $484.71 million from $471.87 million in the previous year. Total revenues for the quarter grew to $1.599 billion from $1.503 billion in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share and revenues of $1.59 billion for the quarter. Analysts' estimates typically exclude special items.

"Looking forward to the remainder of 2014, our priority will be to refine and implement the tactical plans supporting the outcome of our strategic assessment. We will also continue to focus on customer service, market share expansion and opportunities to leverage operating efficiencies," said Jeffrey Musser, President and CEO.