FedEx Corp. Reports First Quarter Results
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FedEx (FDX) Falls After Missing on Q1 and FY EPS Expectations Amid Labor Costs, Raymond James Downgrades to Market Perform
September 22, 2021 6:06 AM EDTShares of FedEx Corp (NYSE: FDX) are down over 5.5% in pre-open Wednesday after the company missed on the analyst EPS estimates for FQ1 due to higher labor costs.
FedEx reported a Q1 EPS of $4.37 to miss on the analyst estimate of $5.00. Revenue for the quarter came in at $22 billion versus the consensus estimate of $21.91 billion.
The execution of our strategies continues to drive higher demand for our services, despite the disruptive impact of the pandemic to labor availability and global supply chains, said Frederick W. Smith, FedEx Corp. chairman and chief executive... More
FedEx (FDX) Misses Q1 EPS by 63c
September 21, 2021 4:06 PM EDTFedEx (NYSE: FDX) reported Q1 EPS of $4.37, $0.63 worse than the analyst estimate of $5.00. Revenue for the quarter came in at $22 billion versus the consensus estimate of $21.91 billion.
GUIDANCE:
FedEx sees FY2022 EPS of $19.75-$21.00, versus the consensus of $21.20.
For earnings history and earnings-related data on FedEx (FDX) click here.
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