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

SEEKING ALPHA reports:

FedEx Corporation (NYSE:FDX) stock traded in a volatile manner after hours on Tuesday after notching a surprise beat on the bottom line for Q2, but offering light full-year forecasts.

The Memphis-based transportation company posted $3.18 in earnings per share for the fiscal second quarter on $22.8B in revenue. The analyst consensus expectations stood at $2.83 and $23.72B, respectively. Lower global volumes for the Express business was cited as a particular headwind for the company, offsetting some of the cost-saving initiatives ...

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.