Cargo giant FedEx Corporation (NYSE: FDX) is expected to publish first-quarter results today at 4:00 pm ET, amid expectations for a mixed outcome.
Listen to FedEx’s Q1 2024 earnings call live and read the real-time transcript
Analysts are looking for lower revenues and a year-over-year increase in profit. As per the most recent estimate, adjusted profit is expected to be $3.73 per share, compared to $3.44 per share in the year-ago quarter. Revenues are expected to decline 7.5% year-over-year to $21.81 billion.
In the fourth quarter of 2023, revenues declined 10% from last year to around $22 billion, hurt by weakness in the main operating segments. That translated into a double-digit fall in adjusted profit to $4.94 per share. Meanwhile, unadjusted net income more than doubled to $1.54 billion or $6.05 per share, aided by one-time gains.
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
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion
