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
Canopy Growth Corporation (CGC) Earnings: 4Q22 Key Numbers
Canopy Growth Corporation (NASDAQ: CGC) reported fourth quarter 2022 earnings results today. Net revenue declined 25% year-over-year to CAD111.8 million. Net loss attributable to Canopy Growth Corporation was CAD574.6 million,
Infographic: A snapshot of Costco’s (COST) Q3 2022 earnings
Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a double-digit increase in third-quarter earnings and revenues. Revenues increased 16% year-over-year to $52.60 billion. Total comparable store sales grew 14.9%, while
Infographic: All you need to know about Autodesk (ADSK) Q1 results
Design software company Autodesk, Inc. (NASDAQ: ADSK) on Thursday reported strong revenue growth for the first quarter of 2023. The San Rafael, California-based tech firm posted total revenue of $1.17