NEW YORK (TheStreet) -- Expeditors International of Washington (EXPD) shares are up 1.2% to $41.91 in after-hours trading on Tuesday despite missing analysts consensus second quarter earnings estimates of 47 cents per share by 1 cent.
The company reported a 6% rise in revenue to $1.6 billion that was in line with analysts estimates for the quarter.
TheStreet Ratings team rates EXPEDITORS INTL WASH INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate EXPEDITORS INTL WASH INC (EXPD) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins."
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