Company news: FedEx (FDX) posts quarterly earnings in line with its last week’s pre-announcement

FedEx (FDX) reported Q1 FY2023 earnings of $3.44 per share (versus $4.37 per share in Q1 FY2022), missing analysts’ consensus estimate of $5.14 per share, but in line with its last week’s pre-announcement.

The company’s quarterly revenues amounted to $23.200 bln (+5.4% y/y), missing analysts’ consensus estimate of $23.783 bln.

FDX fell to $149.78 (-3.08%) in pre-market trading.