FedEx FDX reported a 5% gain in its third-quarter profit.
FedEx's quarterly profit surged to $378 million, or $1.13 per share, compared to a year-ago profit of $361 million. Excluding special items, it earned $1.23 per share.
Its revenue climbed to $11.3 billion versus $11.0 billion. However, analysts were estimating earnings of $1.45 per share on revenue of $11.47 billion.
FedEx projects current-quarter earnings of $2.25 to $2.50 per share, and full-year earnings of $6.55 to $6.80 per share.
FedEx shares dropped 1.64% to $136.30 in pre-market trading.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in