Categories Analysis, Other Industries
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.
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.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit
Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the
What to look for when Netflix (NFLX) reports its Q2 2025 earnings results
Shares of Netflix, Inc. (NASDAQ: NFLX) stayed red on Monday. The stock has gained 50% over the past three months. The streaming giant is scheduled to report its earnings results
Coinbase shines on stablecoin boom, S&P 500 debut. Will the rally continue?
Coinbase Global, Inc. (NASDAQ: COIN) has emerged as the largest and most user-friendly cryptocurrency exchange in the US, since going public a few years ago. It has played a pivotal
