FedEx (FDX) reported Q1 FY 2022 earnings of $4.72 per share (versus $4.87 per share in Q1 FY 2021), missing analysts’ consensus estimate of $4.92 per share.

The company’s quarterly revenues amounted to $22.003 bln (+13.9% y/y), roughly in line with analysts’ consensus estimate of $21.860 bln.

The company also issued downside guidance for FY 2022, projecting EPS of $19.75-21.00 versus analysts’ consensus estimate of $21.13 and prior guidance of $20.50-21.50.

FDX fell to $237.70 (-5.70%) in pre-market trading.