© Reuters. FedEx Earnings, Revenue Miss in Q1
Investing.com – FedEx (NYSE:) reported on Thursday first quarter that missed analysts’ forecasts and revenue that fell short of expectations.
FedEx announced earnings per share of $3.44 on revenue of $23.2B. Analysts polled by Investing.com anticipated EPS of $5.17 on revenue of $23.62B.
FedEx shares are down 20% from the beginning of the year, still down 23.21% from its 52 week high of $266.79 set on January 5.
FedEx follows other major Industrials sector earnings this month
FedEx’s report follows an earnings missed by Deere&Company on August 19, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
COSCO SHIPPING ADR had matched expectations on August 30 with third quarter EPS of $1.67 on revenue of $15.25B, compared to forecast for EPS of $1.67 on revenue of $15.26B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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