FedEx Corp. beats analysts’ third quarter expectations
Delivery vehicles depart the FedEx Ship Center in Cranberry Township, Pa., on June 26, 2019. (Keith Srakocic/AP file)
FedEx Corp. reported quarterly earnings Wednesday, Oct. 28, that beat Wall Street expectations — including year-over-years revenue growth of 12% — in its first earnings report for its newly realigned fiscal year.
FedEx switched to a Dec. 31 year-end reporting framework from a May 31 fiscal year end, months after FedEx Freight also completed its spinoff from the parent company.
FedEx Corp. reported adjusted earnings per share of $3.74, beating analysts’ prediction of $3.34 per share and up 28% from a year ago.
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FedEx Corp. FedEx Freight Raj Subramaniam Claude Russ Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
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Steve Bohnel
Steve Bohnel is a Temple University graduate, originally from Bucks County, Pennsylvania. He’s worked at news organizations in Iowa, Maryland and Pittsburgh, covering local and state politics. He covers health care, transportation and logistics, manufacturing, and technology. He is an avid traveler, an Everton F.C. and Philadelphia sports fan, and likes collecting records and biking around town.
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