FedEx (FDX) Tops Q3 EPS by 65c, Raises Guidance

FedEx (NYSE: FDX) reported Q3 EPS of $3.41, $0.65 better than the analyst estimate of $2.76. Revenue for the quarter came in at $22.2 billion versus the consensus estimate of $22.74 billion.

GUIDANCE:

FedEx sees Q4 2023 EPS of $14.60-$15.20, versus the consensus of $13.56.

• Earnings per diluted share of $13.80 to $14.40 before the MTM retirement plans accounting adjustments, compared to the prior forecast of $12.50 to $13.50 per diluted share;
• Earnings per diluted share of $14.60 to $15.20 before the MTM retirement plans accounting adjustments and excluding estimated costs related to business optimization initiatives and costs related to business realignment activities, compared to the prior forecast of $13.00 to $14.00 per diluted share;
• ETR of 25% to 26% prior to the MTM retirement plans accounting adjustments; and
• Capital spending of $5.9 billion.

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

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