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

Market news

26 June 2019

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

FedEx (FDX) reported Q4 FY 2019 earnings of $5.01 per share (versus $5.91 in Q4 FY 2018), beating analysts’ consensus of $4.83.

The company’s quarterly revenues amounted to $17.807 bln (+2.8% y/y), generally in line with analysts’ consensus estimate of $17.851 bln.

The company guides its FY2020 non-GAAP EPS to show a mid-single-digit percentage point decline while analysts’ consensus is estimating 4% EPS growth.

FDX rose to $158.75 (+1.78%) in pre-market trading.

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