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.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock