Categories AlphaGraphs, Earnings, Industrials
FDX Earnings: FedEx reports stronger-than-expected Q3 revenue; earnings miss
Cargo giant FedEx Corporation (NYSE: FDX) on Thursday reported higher earnings and revenues for the third quarter of 2022. The top-line beat the estimates, while profit missed.
Third-quarter profit, on an adjusted basis, moved up to $4.59 per share from $3.47 per share in the comparable period of 2021. However, the latest number missed the consensus estimates. Unadjusted net income rose to $1.11 billion or $4.20 per share in the most recent quarter from $892 million or $3.30 per share a year earlier.
At $23.64 billion, revenues were up 10% year-over-year an above analysts’ forecast. The management also provided guidance for the full fiscal year.
Read management/analysts’ comments on FedEx’s Q3 2022 earnings
“The continued execution of our strategies drove improved third-quarter results. I am proud of our team members around the world, who are constantly proving their resilience amidst a rapidly evolving global environment. FedEx is supporting our team members and others affected by the ongoing conflict in Ukraine as we hope to soon see a return to peace,” said Frederick Smith, FedEx’s chief executive officer.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and