FedEx (FDX) Tops Q2 EPS by 82c

FedEx (NYSE: FDX) reported Q2 EPS of $4.83, $0.82 better than the analyst estimate of $4.01. Revenue for the quarter came in at $20.6 billion versus the consensus estimate of $19.46 billion.

Outlook

FedEx is not providing an earnings forecast for fiscal 2021. The capital spending forecast for the year remains $5.1 billion.

“The benefits of the investments across our business over the past several years are reflected in our strong second quarter results,” said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer. “While the overall environment remains uncertain, we expect earnings growth in the second half of fiscal 2021 driven by the anticipated heightened demand for our services as we continue to execute on our strategic priorities.”

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

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