Company News: FedEx (FDX) Q1 EPS miss analysts’ estimate

Market news

20 September 2017

Company News: FedEx (FDX) Q1 EPS miss analysts’ estimate

FedEx (FDX) reported Q1 FY 2018 earnings of $2.65 per share (versus $2.90 in Q1 FY 2017), missing analysts' consensus estimate of $3.09.

The company's quarterly revenues amounted to $15.300 bln (+4.1% y/y), generally in-line with analysts' consensus estimate of $15.354 bln.

The company also issued downside guidance for FY2018, projecting EPS of $12.00-12.80 versus analysts' consensus estimate of $13.38.

FDX fell to $213.00 (-1.39%) in pre-market trading.

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OECD sees U.S. Growth of 2.1 pct in 2017, 2.4 pct in 2018 (both unchanged)

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