Categories Analysis, Other Industries
FDX Earnings: FedEx Q3 2024 profit increases YoY, beats estimates
Cargo giant FedEx Corporation (NYSE: FDX) reported an increase in net profit for the third quarter of 2024. The bottom line also came in above Wall Street’s projections.
Q3 profit, adjusted for one-off items, came in at $3.86 per share, compared to $3.41 per share in the year-ago period. Unadjusted profit was $879 million or $3.51 per share in the February quarter, vs. $771 million or $3.05 per share in the corresponding period of 2023. Earnings also topped expectations.
Total revenues were $21.7 billion in the third quarter, compared to $22.2 billion last year. Analysts were looking for a bigger number for the latest quarter.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net