FedEx Slips After Disappointing Results, Carries UPS With It


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  • FedEx Corporation (NYSE: 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. (NYSE: UPS) lost about 1.3 percent in a sympathy move.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: EarningsNewsGuidanceAfter-Hours CenterMovers