Fedex Corp

+7.37 (+3.47%)
4:20:54 PM EDT: $219.24 -0.42 (-0.19%)
Other Pre-Announcement

Fedex Corp Reports Qtrly NON-GAAP EPS Of $4.59

Published: 03/17/2022 20:14 GMT
Fedex Corp (FDX) - .
Reports Higher Third Quarter Earnings.
Qtrly Diluted EPS $4.20.
Qtrly Non GAAP EPS $4.59.
Qtrly Revenue $23.6 Billion Versus $21.5 Billion.
Sees FY EPS $18.60 to $19.60 Before Year-end Mtm Retirement Plans Accounting Adjustment.
Q3 Operating Income Improved Due to Higher Revenue per Shipment and a Net Fuel Benefit at All Transportation Segments.
Sees FY EPS $20.50 to $21.50 Before (year-end Mtm Retirement Plans Accounting Adjustment, and Excluding Some Costs.
Sees FY Capital Spending of $7.0 Billion, Compared to Prior Forecast of $7.2 Billion.
Q3 Earnings per Share View $4.64, Revenue View $23.44 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $20.62 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Results Were Partially Offset by Effects of Omicron Variant, As Well As Higher Purchased Transportation Costs and Wage Rates.
Strong Quarterly Operating Income Increase Was Dampened by Surge of Omicron Variant.