FedEx (FDX) Q3 Earnings Surpass Estimates, Revenues Lag
FDXFedEx(FDX) Zacks Investment Research·2024-03-23 03:11

FedEx Corporation's (FDX) reported third-quarter fiscal 2024 earnings per share (EPS) (excluding 35 cents from non-recurring items) of 3.86,whichbeattheZacksConsensusEstimateof3.86, which beat the Zacks Consensus Estimate of 3.49 and improved 13.2% year over year. The uptick was backed by the execution of the company's DRIVE program initiatives and continued focus on service and revenue quality. Revenues of 21.70billionfellshortoftheZacksConsensusEstimateof21.70 billion fell short of the Zacks Consensus Estimate of 22.02 million and decreased 2.1% from the year-ago fiscal quarter’s reported f ...