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

Market news

25 June 2021

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

FedEx (FDX) reported Q4 FY 2021 earnings of $5.01 per share (versus $2.53 per share in Q4 FY 2020), slightly beating analysts’ consensus estimate of $5.00 per share.

The company’s quarterly revenues amounted to $22.565 bln (+30.0% y/y), beating analysts’ consensus estimate of $21.537 bln.

The company also issued upside guidance for FY 2022, projecting EPS of $20.50-21.50 versus analysts’ consensus estimate of $20.48.

FDX fell to $291.56 (-3.76%) in pre-market trading.

Eurozone bank lending remains subdued after the peak in March - ING

GBP/USD looks capped by 1.3977/1.4018 - UOB

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