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Ekonomické zprávy
17.03.2023

Company news: FedEx (FDX) quarterly earnings beat analysts’ expectations

FedEx (FDX) reported Q3 FY2023 earnings of $3.41 per share (versus $4.59 per share in Q3 FY2022), beating analysts’ consensus estimate of $2.74 per share.

The company’s quarterly revenues amounted to $22.169 bln (-6.2% y/y), missing analysts’ consensus estimate of $22.735 bln.

The company raised its FY2023 EPS guidance to $13.80-14.40 from prior guidance of $12.50-13.50 versus analysts’ consensus estimate of $13.62.

FDX rose to $227.36 (-11.42%) in pre-market trading.                                                   

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