FedEx: Fiscal Q3 Earnings Snapshot
FedEx: Fiscal Q3 Earnings Snapshot FedEx reported a profit of $3.51 per share in Q3, adjusted for non-recurring costs, reaching $4.86 per share. This beat Wall Street expectations of a combined earnings total of $2.86. The company posted revenue of $21.7 billion, which fell short of analyst forecasts of $22.02 billion. FedEx expects full-year earnings in the range of $17.25 to $18.25 per share, and expects full year earnings to be in the mid-range of between $17 and $18%.
Published : 2 months ago by Associated Press in Business Finance
On a per-share basis, the Memphis, Tennessee-based company said it had profit of $3.51. Earnings, adjusted for non-recurring costs, came to $3.86 per share. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.49 per share.
The package delivery company posted revenue of $21.7 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $22.02 billion.
FedEx expects full-year earnings in the range of $17.25 to $18.25 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FDX at https://www.zacks.com/ap/FDX
Topics: Markets