Expeditors International (EXPD -3.4%) reported revenue growth of 16% Y/Y; Segment revenues: US +13% Y/Y to $526.4M, other North America +11% Y/Y to $71.94M, Latin America +18% Y/Y to $31.04M, North Asia +9% Y/Y to $709.84M, South Asia +13% Y/Y to $193.2M, Europe +22% Y/Y to $321.44M and Middle East, Africa and India +20% Y/Y to $166.9M.
Q4 operating margin flat at 10.5%.
Q4 Airfreight tonnage volumes +6% Y/Y and ocean container volumes +1% Y/Y.
In Q4 EXPD repurchased 2.1M shares of common stock at an average price of $64.52 per share.
EXPD expects 2018 tax rate of 31-32%.
Previously: Expeditors beats by $0.08, beats on revenue (Feb. 20)
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