FedEx Corporation (FDX) Releases Earnings Results, Beats Expectations By $0.12 EPS

FedEx Corporation (FDX) announced its most recent quarterly financial results on Tuesday, Sep-20-2016. FDX said it had a profit of $2.90 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $2.78. The company posted revenue of $14700.00 million in the period, compared to analysts expectations of $14440.89 million. FDX’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 EPS.

FedEx Corporation closed down -1.18 points or -0.74% at $158.89 with 2,534,399 shares getting traded on Friday. Post opening the session at $159.33, the shares hit an intraday low of $158.2 and an intraday high of $160.07 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 11, 2016, Robert B Carter (EVP Chief Info Officer) sold 5,000 shares at $164.51 per share price. According to the SEC, on Aug 9, 2016, John A Edwardson (director) sold 2,882 shares at $162.63 per share price. On Aug 4, 2016, Alan B Jr Graf (EVP CHIEF FINANCIAL OFF) sold 7,400 shares at $159.43 per share price, according to the Form-4 filing with the securities and exchange commission.

FedEx Corporation (FedEx) provides a portfolio of transportation e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express FedEx Ground FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedEx’s other companies with sales marketing information technology communications customer service and certain other back-office support. The Company’s subsidiaries include Federal Express Corporation FedEx Trade Networks Inc. FedEx Ground Package System Inc. FedEx SmartPost Inc. FedEx Corporate Services Inc. and GENCO Distribution System Inc. among others.

FedEx Corporation

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