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

Market news

18 March 2020

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

FedEx (FDX) reported Q3 FY 2020 earnings of $1.41 per share (versus $3.03 per share in Q3 FY 2019), missing analysts' consensus estimate of $1.46 per share.

The company's quarterly revenues amounted to $17.487 bln (+2.8% y/y), beating analysts' consensus estimate of $16.889 bln.

The company also suspended FY 2020 earnings forecast "due to the uncertainty caused by the coronavirus pandemic".

FDX closed Tuesday's trading session at $94.96 (+4.94%).

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