FedEx Corp. Reports Higher Second Quarter Results
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UPS (UPS) Shares on Watch Following Strong FedEx (FDX) Results
December 19, 2017 4:21 PM ESTUPS (NYSE: UPS) Shares on Watch Following Strong FedEx (NYSE: FDX) Results
... MoreFedEx (FDX) Tops Q2 EPS by 29c, Raises FY Guidance
December 19, 2017 4:16 PM ESTFedEx (NYSE: FDX) reported Q2 EPS of $3.18, $0.29 better than the analyst estimate of $2.89. Revenue for the quarter came in at $16.3 billion versus the consensus estimate of $15.68 billion.
GUIDANCE:
FedEx sees FY2018 EPS of $12.70-$13.30, versus the consensus of $12.47.
FedEx is unable to forecast the fiscal 2018 year-end mark-to-market (MTM) pension accounting adjustments. As a result, the company is unable to provide fiscal 2018 earnings or effective tax rate (ETR) guidance on a GAAP basis.Before year-end MTM pension accounting adjustments, earnings are now projected to be $11.45 to... More