FedEx (FDX) Tops Q2 EPS View, Reports Strong Sales Growth Across All Segments
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Price: $100.05 +1.12%
EPS Growth %: -25.5%
Financial Fact:
REVENUES: 10.95B
Today's EPS Names:
LBIX, ESEA, ISS, More
EPS Growth %: -25.5%
Financial Fact:
REVENUES: 10.95B
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade FDX Now!
FedEx's (NYSE: FDX) stock price is moving higher in pre-market action Thursday following strong second-quarter earnings results and a third-quarter outlook.
Revenue for FedEx rose about 10 percent from $9.63 billion during the same quarter last year to $10.59 billion.
Net income roared 76 percent higher to $497 million, or $1.57 per share.
The Street was looking for revenue of $10.59 billion and earnings of $1.52 per share.
Operating income grew 66 percent to $780 million, and operating margins widened 490 basis points to 7.4 percent.
Segments:
Looking ahead, FedEx sees third-quarter earnings of $1.25 to $1.45 per share, and affirmed its fiscal 2012 outlook. The Street is looking for third-quarter earnings of $1.31 per share.
FedEx shares are up about 3.4 percent early Thursday.
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Revenue for FedEx rose about 10 percent from $9.63 billion during the same quarter last year to $10.59 billion.
Net income roared 76 percent higher to $497 million, or $1.57 per share.
The Street was looking for revenue of $10.59 billion and earnings of $1.52 per share.
Operating income grew 66 percent to $780 million, and operating margins widened 490 basis points to 7.4 percent.
Segments:
- Express - Revs up 10 percent to $6.58 billion. Revs per package up 12 percent in the U.S., with average daily volume down 4 percent.
- Ground - Revs up 13 percent to $2.34 billion. Average daily volume up 4 percent, with revs per package up 8 percent.
- Freight - Revs up 9 percent to $1.33 billion. Less-than-truckload (LTL) yield rose 8 percent.
Looking ahead, FedEx sees third-quarter earnings of $1.25 to $1.45 per share, and affirmed its fiscal 2012 outlook. The Street is looking for third-quarter earnings of $1.31 per share.
FedEx shares are up about 3.4 percent early Thursday.
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