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.
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.
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales