Federal Express (FDX), commonly known as FedEx, has reported fiscal second-quarter financial results that beat Wall Street estimates across the board.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The Memphis, Tennessee-based shipping and logistics company announced earnings per share (EPS) of $4.82, which beat the $4.12 that was expected among analysts. Revenue of $23.50 billion topped the consensus forecast of $22.78 billion.
“FedEx delivered an outstanding second quarter as we successfully executed our growth strategy and advanced our network transformation, while navigating a highly challenging external environment,” said FedEx CEO Raj Subramaniam in the company’s earnings release.
FedEx’s net income. Source: The Fly
Cost Cuts at FedEx