FedEx (FDX) Q3 Earnings Surpass Estimates, Revenues Lag
FedEx(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, 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 $21.70 billion fell short of the Zacks Consensus Estimate of $22.02 million and decreased 2.1% from the year-ago fiscal quarter’s reported fi ...