Company News: FedEx (FDX) quarterly earnings beat analysts’ estimate

Market news

20 June 2018

Company News: FedEx (FDX) quarterly earnings beat analysts’ estimate

FedEx (FDX) reported Q4 FY 2018 earnings of $5.91 per share (versus $4.25 in Q4 FY 2017), beating analysts' consensus estimate of $5.71.

The company's quarterly revenues amounted to $17.314 bln (+10.1% y/y), generally in-line with analysts' consensus estimate of $17.239 bln.

The company also issued guidance for FY 2019, projecting EPS of $17.00-17.60 (versus analysts' consensus estimate of $17.47) at revenues of +9% to ~$71.34 bln (versus analysts' consensus estimate of $69.41 bln).

FDX fell to $258.10 (-0.11%) in pre-market trading.

U.S.: Current account, bln, Quarter I -124.1 (forecast -129)

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