Investing.com – FedEx (NYSE:) reported on Tuesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
FedEx announced earnings per share of $2.53 on revenue of $17.40B. Analysts polled by Investing.com anticipated EPS of $1.7 on revenue of $16.45B.
FedEx shares are down 7% from the beginning of the year , still down 21.43% from its 52 week high of $178.50 set on July 24, 2019. They are under-performing the which is down 4.06% year to date.
FedEx shares gained 7.93% in after-hours trade following the report.
FedEx follows other major Transportation sector earnings this month
FedEx’s report follows an earnings missed by Carnival ADS on June 18, who reported EPS of $-3.3 on revenue of $700M, compared to forecasts EPS of $-1.59 on revenue of $773.9M.
Deutsche Lufthansa ADR had missed expectations on June 2 with second quarter EPS of $-4.98 on revenue of $7.23B, compared to forecast for EPS of $-3.13 on revenue of $7.36B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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