Investing.com - FedEx (NYSE:FDX) reported second quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.51 on revenue of $17.3B. Analysts polled by Investing.com forecast EPS of $2.82 on revenue of $17.6B. That compared to EPS of $4.03 on revenue of $17.8B in the same period a year earlier. The company had reported EPS of $3.05 on revenue of $17.05B in the previous quarter.
FedEx shares lost 3.96% to trade at $156.85 in after-hours trade following the report.
FedEx shares lost 3.96% to trade at $156.85 in after-hours trade following the report.
For the year, FedEx shares are up 1.23%, under-performing the S&P 500 which is up 28.86% year to date.
FedEx follows other major Transportation sector earnings this month
On Monday, November 18, 2019, ZTO Express Cayman reported third quarter EPS of $1.67 on revenue of $5.27B, compared to forecasts of EPS of $1.51 on revenue of $5.36B.
LATAM Airlines ADR earnings missed analyst's expectations on Wednesday, November 20, 2019, with third quarter EPS of $0.14 on revenue of $2.67B. Investing.com analysts expected EPS of $0.16 on revenue of $2.65B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar