Fedex Corp

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Other Pre-Announcement

Fedex Corp Reports Q3 EPS Of $3.30

Published: 03/18/2021 20:49 GMT
Fedex Corp (FDX) - .
Reports Strong Third Quarter Results.
Qtrly GAAP Revenue $ $21.5 Billion Billion Versus $17.5 Billion Reported Last Year.
Fedex Says Expect Demand for Our E-commerce and International Express Solutions to Remain Very High for Foreseeable Future.
Qtrly Earnings per Share $3.30.
Qtrly Adjusted Earnings per Share $3.47.
Unable to Provide a Fiscal 2021 Earnings per Share Or Effective Tax Rate (etr) Outlook on a GAAP Basis.
Sees FY 2021 Capital Spending of $5.7 Billion.
Sees 2021 Earnings of $16.80 to $17.40 per Share Before Year-end Mtm Retirement Plan Adjustment, Debt Refinancing Costs That May Be Incurred.
Unable to Forecast Fiscal 2021 Year-end Mark-to-market (mtm) Retirement Plan Accounting Adjustment and Certain Debt Refinancing Costs.
Severe Winter Weather During February Reduced Quarter's Operating Income by an Estimated $350 Million.
Weather Significantly Impaired Operations at Several of Company's Largest Facilities.
Sees 2021 Etr of 21% to 22% Prior to Year-end Mtm Retirement Plan Accounting Adjustment.
FY2021 Earnings per Share View $17.40 -- Refinitiv Ibes Data (analyst estimates).