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

Notícias do Mercado

19 dezembro 2018

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

FedEx (FDX) reported Q2 FY 2019 earnings of $4.03 per share (versus $3.18 in Q2 FY 2018), beating analysts’ consensus estimate of $3.93.

The company’s quarterly revenues amounted to $17.800 bln (+9.1% y/y), beating analysts’ consensus estimate of $17.616 bln.

The company also issued downside guidance for FY 2019 primarily due to European weakness, projecting EPS of $15.50-16.60 versus its prior guidance of $17.20-17.80 and analysts’ consensus estimate of $17.33.

FDX fell to $170.75 (-7.71%) in pre-market trading.

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