Company News: FedEx (FDX) quarterly results beat analysts’ estimates

Market news

21 September 2016

Company News: FedEx (FDX) quarterly results beat analysts’ estimates

FedEx reported Q1 FY 2017 earnings of $2.90 per share (versus $2.42 in Q1 FY 2016), beating analysts' consensus estimate of $2.78.

The company's quarterly revenues amounted to $14.700 bln (+19.5% y/y), beating analysts' consensus estimate of $14.441 bln.

FedEx also improved guidance for FY 2017, increasing EPS to $11.85-12.35 from $11.75-12.25 versus analysts' consensus estimate of $11.88.

FDX rose to $168.00 (+3.29%) in pre-market trading.

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