Trending: FedEx 2Q Rises, But Still Misses Expectations
20 Décembre 2023 - 4:11PM
Dow Jones News
9:40 a.m. ET -- FedEx is one of the most mentioned companies in
the U.S. across all news items in the last 12 hours, according to
Factiva data. FedEx reported higher profit in its second quarter as
weaker demand continued to pressure revenue. The company posted a
profit of $900 million, or $3.55 a share, in the quarter, compared
with $788 million, or $3.07 a share, a year earlier. Analysts
polled by FactSet expected per-share earnings of $3.97. Stripping
out certain one-time items, adjusted per-share earnings came to
$3.99, below the $4.19 forecast by analysts, according to FactSet.
Revenue fell to $22.2 billion from $22.8 billion a year earlier,
missing the $22.36 billion expected by analysts polled by FactSet.
Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
December 20, 2023 09:56 ET (14:56 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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