Market Overview

FedEx Trades Higher On Q4 Earnings Beat

Share:
FedEx Trades Higher On Q4 Earnings Beat

FedEx Corporation (NYSE: FDX) shares are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results Tuesday.

The company reported quarterly earnings of $2.53 per share, which beat the analyst consensus estimate of $1.52 by 66.45%.

This is a 49.5% decrease over earnings of $5.01 per share from the same period last year.

FedEx reported sales of $17.4 billion, which beat the analyst consensus estimate of $16.49 billion.

"Though our fiscal fourth quarter performance was severely affected by the COVID-19 pandemic, I am extremely proud of the herculean efforts of our team members," CEO Frederick Smith said in a statement. 

"With safety as the first priority, these men and women provided essential transportation of critical supplies across the globe and delivered peak-level e-commerce volumes in the United States. As a result of the strategic investments we have made to enhance our capabilities and efficiencies, FedEx is well positioned to support and benefit from the reopening of the global economy."

FedEx shares were trading up 7.84% at $151.21 after-hours Tuesday after gaining 4.21% in the regular seesion. 

Related Links:

FedEx In The News Ahead Of Q4 Print

FedEx Reports Q3 Sales Beat, Suspends Guidance

 

Related Articles (FDX)

View Comments and Join the Discussion!

Posted-In: Earnings News After-Hours Center