Investing.com - FedEx (NYSE:FDX) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
FedEx announced earnings per share of $4.59 on revenue of $23.6B. Analysts polled by Investing.com anticipated EPS of $4.68 on revenue of $23.4B.
FedEx shares are down 11% from the beginning of the year and are trading at $215.77 , down-from-52-week-high.They are under-performing the S&P 500 which is down 7.44% from the start of the year.
FedEx shares lost 5.58% in after-hours trade the report.
FedEx follows other major Industrials sector earnings this month
FedEx's report follows an earnings beat by Deere&Company on Friday, February 18, 2022, who reported EPS of $2.92 on revenue of $8.53B, compared to forecasts EPS of $2.27 on revenue of $8.28B.
Airbus Group NV had beat expectations on Thursday, February 17, 2022 with first quarter EPS of $0.4232 on revenue of $19.32B, compared to forecast for EPS of $0.3568 on revenue of $19.29B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar