Recap: FedEx Q2 Earnings

Shares of FedEx FDX fell 2.46% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 92.43% year over year to $4.83, which beat the estimate of $4.01.

Revenue of $20,563,000,000 rose by 18.70% from the same period last year, which beat the estimate of $19,460,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

FedEx hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Dec 17, 2020

Time: 05:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestors.fedex.com%2F&eventid=2861949&sessionid=1&key=BABB7298C6B3E22DFD0BAFC9DF26DFFD&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $305.66

Company's 52-week low was at $88.69

Price action over last quarter: Up 16.87%

Company Profile

FedEx 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.