FedEx logo on a skyscraper facade reflecting clouds. Editorial 3D rendering

FedEx reported fiscal Q3 numbers after the US market closed.

As it pushes to cut costs, earnings were well ahead of expectations. According to Seeking Alpha estimates, Q3 Non-GAAP earnings per share of $3.41 were $0.67 higher than expected, while quarterly sales were weaker. 

FedEx upped its earnings forecast for the fiscal year, and now expects:

– Earnings per diluted share of $13.80 to $14.40 before the MTM retirement plans accounting adjustments, compared to the prior forecast of $12.50 to $13.50 per diluted share;

– Earnings per diluted ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.