Recap: FedEx Q3 Earnings
Shares of FedEx (NYSE:FDX) rose in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were up 146.10% year over year to $3.47, which beat the estimate of $3.24.
Revenue of $21,510,000,000 higher by 23.01% year over year, which beat the estimate of $19,960,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Mar 18, 2021
Time: 05:30 PM
Price Action
52-week high: $305.66
52-week low: $88.69
Price action over last quarter: down 0.93%
Company Overview
FedEx pioneered overnight delivery in 1973 and remains the world's largest "express" package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% 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.
Posted-In: BZI-RecapsEarnings
