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FedEx Earnings, Revenue Beat in Q2 -Breaking

by Mike Robinson

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© Reuters. FedEx Beats Revenue in Q2

FedEx (NYSE 🙂 announced Thursday its second quarter results. They beat forecasts by analysts and generated revenue above expectations.

FedEx posted earnings per share (EPS) of $4.83 on $23.5B in revenue. Investing.com polled analysts to predict EPS at $4.27 on revenues of $22.41B.

FedEx shares have fallen 8% since the start of the year but are still 25.47% below its 52-week high of $319.90, set May 27. They are under-performing the S&P 500 which is up 24.25% from the start of the year.

After-hours trading saw FedEx share prices rise by 5.52% following the news.

FedEx will follow other important Industrial sector earnings this Month

FedEx’s report follows an earnings beat by Deere&Company on November 24, who reported EPS of $4.12 on revenue of $10.28B, compared to forecasts EPS of $3.87 on revenue of $10.46B.

Copart beat all expectations with first quarter earnings per share of $1.07 (revenue $810.13M), compared to the forecast of EPS at $1 for revenue $747.74M.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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