FedEx (NYSE: FDX) reported better-than-expected results for its first quarter of fiscal 2021. Non-GAAP earnings of $4.87 per share and revenue of $19.3 billion crushed the market’s estimates. Analysts had expected the logistics giant to earn $2.69 per share on revenue of $17.55 billion. FDX stock rose about 6% in the extended trading hours.
Yesterday, FedEx increased its shipping rates for its subsidiaries FedEx Express, FedEx Ground and FedEx Freight Services with effect from January 4, 2021.
FedEx didn’t provide earnings guidance for fiscal 2021. “While business demand improved in the first quarter, continued uncertainties cloud our ability to forecast full-year earnings,” said Alan B. Graf, Jr.
FDX stock, which hit a new yearly high ($241.00) yesterday, is expected to break that in tomorrow’s regular trading session.
Also read: FedEx (FDX) delivers strong Q1 results on accelerating e-commerce trends
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
