Newz(AP) β Expeditors International of Washington Inc. (EXPD) on Tuesday reported second-quarter net income of $266.2 million. The Bellevue, Washington-based company said it had net income of $2.03 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share. The logistics services provider posted revenue of $3.5 billion in the period, which also topped Street forecasts.
Three analysts surveyed by Zacks expected $2.9 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPD at https://www.zacks.com/ap/EXPD Source
HOUSTON (AP) β HOUSTON (AP) β Sysco Corp. (SYY) on Tuesday reported fiscal fourth-quarter net income of $551 million. The Houston-based company said it had net income of $1.15 per share.
Earnings, adjusted for one-time gains and costs, came to $1.53 per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The food distributor posted revenue of $22.12 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $21.92 billion. For the year, the company reported profit of $1.76 billion, or $3.66 per share.
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