FedEx Earnings, Revenue Beat in Q1

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FedEx announced earnings per share of $4.87 on revenue of $19.30B. Analysts polled by Investing.com anticipated EPS of $2.65 on revenue of $17.51B.

FedEx shares are up 56% from the beginning of the year, still down 1.71% from its 52 week high of $240.85 set on September 14. They are outperforming the S&P 500 which is up 5.24% from the start of the year.

FedEx shares gained 5.39% in after-hours trade following the report.

FedEx’s report follows an earnings missed by Torm A on August 17, who reported EPS of $0.96 on revenue of $232.2M, compared to forecasts EPS of $1.01 on revenue of $187.45M.

Promotora Y had missed expectations on September 2 with third quarter EPS of $1.08 on revenue of $79.12M, compared to forecast for EPS of $1.16 on revenue of $81.08M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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