Company News: FedEx (FDX) quarterly earnings miss analysts’ estimates

Market news

18 September 2019

Company News: FedEx (FDX) quarterly earnings miss analysts’ estimates

FedEx (FDX) reported Q1 FY 2020 earnings of $3.05 per share (versus $3.46 in Q1 FY 2019), missing analysts’ consensus estimate of $3.16.

The company’s quarterly revenues amounted to $17.048 bln (0.0% y/y), generally in line with analysts’ consensus estimate of $17.049 bln.

The company also issued downside guidance for FY 2020, projecting EPS of $11.00-13.00 versus analysts’ consensus estimate of $14.62.

FDX fell to $154.65 (-10.76%) in pre-market trading.

Downgrades before the market open

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