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

Market news

20 December 2017

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

FedEx (FDX) reported Q2 FY 2018 earnings of $3.18 per share (versus $2.80 in Q2 FY 2017), beating analysts' consensus estimate of $2.88.

The company's quarterly revenues amounted to $16.300 bln (+9.4% y/y), beating analysts' consensus estimate of $15.670 bln.

The company also issued upside guidance for FY 2018, projecting EPS of $12.70-13.30 versus analysts' consensus estimate of $12.46.

FDX rose to $247.42 (+2.01%) in pre-market trading.

Canada: Wholesale Sales, m/m, October 1.5% (forecast 0.5%)

UK retail sales for the time of year were considered to be in line with seasonal norms

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