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FDX Earnings: FedEx Q3 2024 profit increases YoY, beats estimates

Cargo giant FedEx Corporation (NYSE: FDX) reported an increase in net profit for the third quarter of 2024. The bottom line also came in above Wall Street’s projections.

FedEx Q3 2024 Earnings Infographic

Q3 profit, adjusted for one-off items, came in at $3.86 per share, compared to $3.41 per share in the year-ago period. Unadjusted profit was $879 million or $3.51 per share in the February quarter, vs. $771 million or $3.05 per share in the corresponding period of 2023. Earnings also topped expectations.

Total revenues were $21.7 billion in the third quarter, compared to $22.2 billion last year. Analysts were looking for a bigger number for the latest quarter.

  • FedEx Q1 2024 earnings infographic

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