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FedEx Earnings Miss, Revenue Beats In Q1 By


© Reuters. FedEx Earnings Miss, Revenue Beats In Q1 – FedEx (NYSE:) reported on Tuesday first quarter that missed analysts’ forecasts and revenue that topped expectations.

FedEx posted earnings per share (EPS) of $4.37 on $22.00B revenue. polled analysts and predicted EPS at $4.94 for revenue of $21.9B.

FedEx shares fell 2% over the first year. However, they are 21.20% below their 52-week peak of $319.90 on May 27, which was $319.90. They are under-performing the S&P 500 which is up 15.9% from the start of the year.

Following the release, FedEx shares fell 2.13% after hours trade.

FedEx follows other major Transportation sector earnings this month

FedEx’s report follows an earnings beat by GXO Logistics on September 1, who reported EPS of $0.4003 on revenue of $1.88B, compared to forecasts EPS of $0.3275 on revenue of $1.89B.

Air France KLM SA missed its September 7th expectations with a third quarter earnings per share of $-3.26 on $3.26B in revenue, as opposed to the forecast of $-3.21 for revenue of $2.99B.

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