BUZZ-Expeditors International rises on upbeat quarterly results

Reuters

Nov 05

** Shares of global freight forwarder Expeditors International of Washington EXPD.N rise nearly 7.2% to about $131.3 in morning trading

** Q3 profit and revenue beat analysts' estimate on strong freight volumes and customs brokerage demand

** Co's Q3 airfreight tonnage rose 4% led by shipments from Asia

** "Our customs brokerage business continues to post strong growth amid sustained demand driven by a dynamic trade environment," CEO Daniel Wall says

** CEO adds rising volumes and complexity of entries challenge its customs brokerage segment

** Posts Q3 profit of $1.64 per share, beating analysts' estimates of $1.40 per share - data compiled by LSEG

** Its quarterly revenue came at $2.89 bln, compared with anlaysts' estimate of $2.73 bln

** Including session's moves, shares up 18.5% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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