Company News: FedEx (FDX) posts mixed quarterly results

Market news

22 March 2017

Company News: FedEx (FDX) posts mixed quarterly results

FedEx reported Q3 FY 2017 earnings of $2.35 per share (versus $2.51 in Q3 FY 2016), missing analysts' consensus estimate of $2.62.

The company's quarterly revenues amounted to $15.00 bln (+18.1% y/y), being in-line with analysts' consensus estimate.

The company also reaffirmed guidance for FY 2017, projecting EPS of $11.85-12.35 versus analysts' consensus estimate of $11.93.

FDX rose to $197.24 (+2.81 %) in pre-market trading.

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