Categories LATEST

FedEx Q3 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

FedEx Corporation (NYSE: FDX) is all set to report third-quarter results today at 4:05 p.m. ET. It is estimated that earnings increased modestly in Q3 while revenues remained broadly unchanged.

Listen to FedEx’s Q3 2024 earnings call live and read the real-time transcript

As per analysts’ average estimate, Q3 revenue is expected to be $22.04 billion, which is broadly unchanged year-over-year and sequentially. Meanwhile, analysts predict a 1.2% increase in adjusted earnings to $3.45 per share.

In a sign that the strain on the top line would continue in the near term, FedEx executives recently forecast a low-single-digit percentage decline in revenues for fiscal 2024. Meanwhile, they reaffirmed full-year earnings per share guidance in the range of $17 to $18.50, amid continued margin expansion.

In the second quarter, FedEx’s earnings fell short of expectations after beating for five straight quarters. At $3.99 per share, adjusted profit was up 25% year-over-year in Q2. Revenues decreased 3% from last year to $22.2 billion, mainly due to a 6% drop in revenues of the core Express division.

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

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's

Add Comment
Viewing Highlight