FedEx: earnings, profits beat forecasts in Q1

FedEx: earnings, profits beat forecasts in Q1

FedEx: earnings, profits beat forecasts in Q1

FedEx released a report on Tuesday with first-quarter results that beat analysts. Revenue was above forecasts.

The company posted earnings per share of $ 4.87 and earnings of $ 19.30B. Analysts polled by Investing.com had forecast earnings per share of $ 2.65 and total earnings of $ 17.51B

FedEx shares were up 5.39% to trade at $ 249.48 in the post-market close, according to the report.

FedEx shares are up 56% this year, performing better than the overall S&P 500, up 5% YTD.

FedEx is following the general trend of the transportation sector this month

On Aug 17, Torm A posted a second quarterly report of $ 0.96, profit of $ 232.2M, compared with EPS forecasts of $ 1.01 on total earnings of $ 187.45M

Promotora Y earnings disappointed analysts' expectations in September 2 in the third quarter, with $ 1.08 quarterly EPS on $ 79.12M total earnings Investing.com analysts had previously predicted $ 1.16 per share on $ 81.08M total earnings $

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