Company News: FedEx (FDX) quarterly results beat analysts’ expectations

Market news

16 September 2020

Company News: FedEx (FDX) quarterly results beat analysts’ expectations

FedEx (FDX) reported Q1 FY 2021 earnings of $4.87 per share (versus $3.05 per share in Q1 FY 2020), beating analysts’ consensus estimate of $2.72 per share.

The company’s quarterly revenues amounted to $19.321 bln (+13.3% y/y), beating analysts’ consensus estimate of $17.563 bln.

FDX rose to $260.40 (+10.03%) in pre-market trading.

U.S. weekly mortgage applications fall 2.5 percent

BoE: Further stimulus in the pipeline? - UOB

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