FedEx Slips After Disappointing Results, Carries UPS With It

by Javier Hasse, Benzinga Editor

December 20, 2016 4:44 PM | 27 seconds read | Make a Comment

FedEx Corporation FDX reported Q2 EPS of $2.80, missing the Street’s consensus by $0.10.
Revenue of $14.9 billion was up 19.2 percent year-over-year, but came in $20 million short of expectations.
For the full year, management said it expects EPS of $11.85 to $12.35, versus estimates of $12.16.
Shares of FedEx traded down 3 percent to $192.75 in Tuesday’s after-hours session.
United Parcel Service, Inc. UPS lost about 1.3 percent in a sympathy move.