FedEx (FDX) Misses Q1 EPS by 3c; Cuts FY16 Outlook

FedEx (NYSE: FDX) reported Q1 EPS of $2.42, $0.03 worse than the analyst estimate of $2.45. Revenue for the quarter came in at $12.3 billion versus the consensus estimate of $12.3 billion.

FedEx sees FY2016 EPS of $10.40 - $10.90, versus prior guidance of $10.60 - $11.10 and the consensus of $10.82. The outlook assumes moderate economic growth and does not include any operating results or costs related to TNT Express. The capital spending forecast for the fiscal year remains $4.6 billion.

For earnings history and earnings-related data on FedEx (FDX) click here.

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