FedEx Q2 EPS $3.99 Misses $4.19 Estimate, Sales $22.20B Miss $22.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
FedEx reported Q2 earnings of $3.99 per share, missing the consensus estimate of $4.19, and sales of $22.20B, also below the expected $22.39B. Despite the miss, earnings per share increased by 25.47% compared to last year, while sales saw a 2.69% decrease from the previous year.
December 19, 2023 | 9:07 pm
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FedEx's Q2 earnings and sales fell short of analyst expectations, with a notable year-over-year increase in EPS but a decrease in sales.
The earnings miss is likely to negatively impact investor sentiment in the short term, as both key metrics, EPS and sales, did not meet analyst expectations. However, the increase in EPS year-over-year may provide some cushion to the negative impact. The decrease in sales could raise concerns about growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100