Shares of FedEx FDX rose 5.96% in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 59.67% year over year to $4.87, which beat the estimate of $2.69.
Revenue of $19,321,000,000 higher by 13.33% from the same period last year, which beat the estimate of $17,550,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Sep 15, 2020
Time: 05:30 PM
Recent Stock Performance
52-week high: $241.00
Company's 52-week low was at $88.69
Price action over last quarter: Up 56.36%
Company Overview
FedEx Corp pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2019, FedEx derived 54% of revenue from its express division, 29% from ground, and 11% from freight; its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth- largest global parcel-delivery provider.
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