Company News: FedEx (FDX) Q4 results beat analysts’ estimate

Market news

22 June 2016

Company News: FedEx (FDX) Q4 results beat analysts’ estimate

FedEx reported Q4 FY 2016 earnings of $3.30 per share (versus $2.66 in Q4 FY 2015), beating analysts' consensus of $3.28.

The company's quarterly revenues amounted to $12.979 bln (+7.1% y/y), beating consensus estimate of $12.771 bln.

FedEx issued in-line guidance for FY 2017, projecting adj. EPS of $11.75-12.25 versus analysts' consensus estimate of $12.07.

FDX fell to $163.00 (-0.58%) in pre-market trading.

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