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
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
