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Stock impact report

FedEx Misses Q3 Earnings Estimates, Beats on Revenues, Tweaks View [Yahoo! Finance]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Yahoo! Finance
Quarterly earnings (excluding 75 cents from non-recurring items) of $4.51 per share missed the Zacks Consensus Estimate of $4.65. However, the bottom line improved 16.8% year over year. Find the latest EPS estimates and surprises on Zacks Earnings Calendar Revenues of $22.2 billion came ahead of the Zacks Consensus Estimate of $21.8 billion and improved 2.1% from the year-ago fiscal quarter's reported figure. Quarterly results benefited from cost reduction benefits from DRIVE program initiatives, higher base yield at each transportation segment, and higher volume at Federal Express. FedEx Corporation price-consensus-eps-surprise-chart | FedEx Corporation Quote Operating income, on a reported basis, increased 4% to $1.29 billion from the year-ago fiscal quarter's reported number. Operating margin rose to 5.8% from 5.7% in the year-ago reported quarter. Operating expenses (reported basis) increased 2% to $20.8 billion. Federal Express and FedEx Freight now represent the co Show less Read more
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