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

Market news

18 December 2019

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

FedEx (FDX) reported Q2 FY 2020 earnings of $2.51 per share (versus $4.03 in Q2 FY 2019), missing analysts' consensus estimate of $2.78.

The company's quarterly revenues amounted to $17.324 bln (-2.8% y/y), missing analysts' consensus estimate of $17.685 bln.

The company also issued downside guidance for FY 2020, projecting EPS of $10.25-11.50, down from its prior guidance of $11.00-13.00, vs. analysts' consensus estimate of $12.02.

FDX fell to $151.04 (-7.47%) in pre-market trading.

Canada's CPI inflation likely to firm to 2.2% in November – TDS

UK: Stronger inflation data – TDS

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