FedEx Q3 EPS $3.86 Beats $3.45 Estimate, Sales $21.70B Miss $22.04B Estimate
Portfolio Pulse from Happy Mohamed
FedEx (NYSE:FDX) reported Q3 earnings of $3.86 per share, surpassing the $3.45 estimate, marking an 11.88% beat and a 13.2% increase from last year. However, their quarterly sales of $21.70 billion fell short of the $22.04 billion estimate, a 1.54% miss and a 2.12% decrease from the previous year.
March 21, 2024 | 8:09 pm
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FedEx reported higher-than-expected Q3 earnings per share but missed on sales estimates, showing mixed financial performance.
FedEx's earnings beat could positively impact investor sentiment due to the higher profitability, but the miss on sales forecasts may raise concerns about revenue growth and market demand, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100