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 highlights from Adobe’s (ADBE) Q4 2025 earnings results
Adobe (NASDAQ: ADBE) reported revenue of $6.19 billion for the fourth quarter of 2025, up 10% year-over-year on a reported basis and in constant currency. GAAP net income was $1.86
ORCL Earnings: Oracle Q2 2026 adjusted profit beats estimates
Technology giant Oracle Corporation (NYSE: ORCL) on Wednesday reported higher revenues and adjusted earnings for the second quarter of 2026. Earnings topped expectations. Total revenues increased to $16.10 billion in
Earnings Preview: KB Home (KBH) anticipated to see a drop in revenue and earnings for Q4 2025
Shares of KB Home (NYSE: KBH) rose over 1% on Wednesday. The stock has dropped 4% over the past three months. The homebuilder is scheduled to report its earnings results
