Categories AlphaGraphs, Earnings, Industrials
FDX Earnings: FedEx Q3 2023 adjusted profit, revenue decline
Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in third-quarter adjusted earnings, hurt by a 6% dip in revenues. The company also provided guidance for fiscal 2023.
Net income, adjusted for special items, dropped to $3.41 per share in the most recent quarter from $4.59 per share in the year-ago period. Unadjusted profit declined to $771 million or $3.05 per share from $1.11 billion or $4.20 per share a year earlier.
Total revenues decreased 6% year-over-year to $22.2 billion during the three-month period. The results were constrained by continued demand weakness, particularly at FedEx Express.
Read management/analysts’ comments on quarterly reports
“We’ve continued to move with urgency to improve efficiency, and our cost actions are taking hold, driving an improved outlook for the current fiscal year,” said FedEx’s CEO Raj Subramaniam.
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
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
