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20.09.2024
Company news: FedEx (FDX) quarterly results miss analysts’ estimates
FedEx (FDX) reported Q1 FY2025 earnings of $3.60 per share (versus $4.55 per share in Q1 FY2024), missing analysts’ consensus estimate of $4.55 per share.
The company’s quarterly revenues amounted to $21.579 bln (-0.5% y/y), missing analysts’ consensus estimate of $21.872 bln.
The company also lowered the top end of its FY2025 EPS guidance to $20.00-21.00 from its prior guidance of $20.00-22.00 versus analysts’ consensus estimate of $20.74 and lowered the FY2025 revenue guidance to low single-digit growth from its prior guidance of a low-to-mid single digit growth versus analysts’ consensus estimate of +2.3% y/y.
FDX fell to $259.50 (-13.61%) in pre-market trading.
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