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

Market news

21 March 2018

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

FedEx (FDX) reported Q3 FY 2018 earnings of $3.72 per share (versus $2.35 in Q3 FY 2017), beating analysts' consensus estimate of $3.12.

The company's quarterly revenues amounted to $16.526 bln (+10.2% y/y), beating analysts' consensus estimate of $16.171 bln.

The company also issued upside guidance for FY 2018, raising EPS to $15.00-15.40 from $12.70-13.30 versus analysts' consensus estimate of $13.63.

FDX fell to $251.00 (-0.39%) in pre-market trading.

U.S.: Current account, bln, Quarter IV -128.2 (forecast -125)

United Kingdom: CBI industrial order books balance, March 4 (forecast 9)

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