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.
