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FedEx announced earnings per share of $4.59 on revenue of $23.6B. Analysts polled by Investing.com anticipated EPS of $4.68 on revenue of $23.4B.
FedEx shares are down 11% from the beginning of the year, still down 28.56% from its 52 week high of $319.90 set on May 27, 2021. They are under-performing the S&P 500 which is down 7.44% from the start of the year.
FedEx shares lost 1.05% in after-hours trade following the report.
FedEx’s report follows an earnings beat by Deere&Company on February 18, who reported EPS of $2.92 on revenue of $8.53B, compared to forecasts EPS of $2.27 on revenue of $8.28B.
Airbus Group NV had beat expectations on February 17 with first quarter EPS of $0.4232 on revenue of $19.32B, compared to forecast for EPS of $0.3568 on revenue of $19.29B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
