Investing.com - FedEx (NYSE:FDX) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
FedEx announced earnings per share of $1.41 on revenue of $17.49B. Analysts polled by Investing.com anticipated EPS of $1.53 on revenue of $16.94B. That with comparison to EPS of $3.03 on revenue of $17B in the same period a year before.FedEx had reported EPS of $2.51 on revenue of $17.32B in the previous quarter.Analysts are expecting EPS of $3.31 and revenue of $17.4B in the upcoming quarter.
FedEx shares are down 37.2% from the beginning of the year and are trading at $104.08 , down-from-52-week-high.They are under-performing the S&P 500 which is down 21.88% year to date.
FedEx shares gained 9.60% in after-hours trade the report.
FedEx follows other major Transportation sector earnings this month
FedEx's report follows an earnings missed by Public Storage on Tuesday, February 25, 2020, who reported EPS of $1.87 on revenue of $717.5M, compared to forecasts EPS of $2.01 on revenue of $724.07M.
ZTO Express Cayman had beat expectations on Monday with first quarter EPS of $2.97 on revenue of $6.85B, compared to forecast for EPS of $1.95 on revenue of $6.7B.
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