Company News: FedEx (FDX) Quarterly Results Beat Expectations

Market news

17 December 2015

Company News: FedEx (FDX) Quarterly Results Beat Expectations

FedEx reported Q2 earnings of $2.58 per share (versus $2.14 in Q2 FY 2015), beating analysts' consensus of $2.50.

The company's revenues amounted to $12.5 bln (+5% y/y), beating consensus estimate of $12.421 bln.

FedEx confirmed its FY 2016 EPS guidance of $10.40-10.90 versus analysts' consensus estimate of $10.55.

FDX rose to $148.83 (+2.86%) yesterday.

Foreign exchange market. European session: the British pound traded lower against the U.S. dollar despite the better-than-expected U.K. retail sales data

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