© Reuters. FedEx Earnings, Revenue beat in Q2
Investing.com – FedEx (NYSE:) reported on Thursday second quarter that beat analysts’ forecasts and revenue that topped expectations.
FedEx announced earnings per share of $4.83 on revenue of $23.5B. Analysts polled by Investing.com anticipated EPS of $4.27 on revenue of $22.41B.
FedEx shares are down 8% from the beginning of the year and are trading at $253.58 , down-from-52-week-high.They are under-performing the S&P 500 which is up 24.25% from the start of the year.
FedEx shares gained 6.35% in after-hours trade the report.
FedEx follows other major Industrials sector earnings this month
FedEx’s report follows an earnings beat by Deere&Company on November 24, who reported EPS of $4.12 on revenue of $10.28B, compared to forecasts EPS of $3.87 on revenue of $10.46B.
Copart had beat expectations on November 17 with first quarter EPS of $1.07 on revenue of $810.13M, compared to forecast for EPS of $1 on revenue of $747.74M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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