Investing.com - FedEx (NYSE:FDX) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that was inline with forecasts.
The firm reported earnings per share of $5.01 on revenue of $17.8B. Analysts polled by Investing.com forecast EPS of $4.86 on revenue of $17.8B. That compared to EPS of $5.91 on revenue of $17.3B in the same period a year earlier. The company had reported EPS of $3.03 on revenue of $17B in the previous quarter.
For the year, FedEx shares are down 3.3%, under-performing the S&P 500 which is up 17.78% year to date.
FedEx follows other major Transportation sector earnings this month
On Wednesday, May 29, 2019, Amerco reported fourth quarter EPS of $0.04 on revenue of $725.53M, compared to forecasts of EPS of $-0.37 on revenue of $789.23M.
Promotora Y earnings beat analyst's expectations on Wednesday, May 29, 2019, with first quarter EPS of $2.93 on revenue of $138.87M. Investing.com analysts expected EPS of $2.87 on revenue of $145.08M
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