FedEx (FDX) Tops Q2 EPS by 6c
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FedEx (NYSE: FDX) reported Q2 EPS of $2.58, $0.06 better than the analyst estimate of $2.52. Revenue for the quarter came in at $12.5 billion versus the consensus estimate of $12.45 billion.
“FedEx Corp. posted solid earnings despite continued weakness in industrial production and global trade, and we are making impressive progress toward our goals to increase margins, earnings per share, cash flows, and returns on invested capital,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “A record number of holiday shipments – fueled by the steady rise of e-commerce – are flowing through the FedEx global networks, and we greatly appreciate the dedication of our 340,000 team members around the world who are delivering outstanding service to our customers.”
FedEx reaffirmed FY2016 guidance.
For earnings history and earnings-related data on FedEx (FDX) click here.
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