FedEx (FDX) reported Q3 FY 2019 earnings of $3.03 per share (versus $3.72 in Q3 FY 2018), missing analysts’ consensus estimate of $3.10.
The company’s quarterly revenues amounted to $17.010 bln (+2.9% y/y), missing analysts’ consensus estimate of $17.697 bln.
The company also issued downside guidance for FY 2019, lowering EPS to $15.10-15.90 from $15.50-16.60 versus analysts’ consensus estimate of $15.91.
FDX fell to $169.40 (-6.62%) in pre-market trading.