Investing.com - Global shipping giant FedEx reported better-than-expected fiscal fourth-quarter earnings, but missed on revenue figures, it said early on Wednesday.
Earlier in the day, in its fourth quarter earnings report, FedEx said adjusted earnings per share came in at USD2.13, above expectations for USD1.95 per share.
The company’s fourth quarter revenue totaled USD11.4 billion, slightly missing expectations for revenue of USD11.46 billion.
FedEx said it saw full-year adjusted earnings per share in a range between USD6.67 and USD7.04, below expectations for earnings per share of USD7.28.
Following the release of the report, shares in FDX eased up 0.2% in pre-market trade.
The outlook for U.S. equity markets remained little changed. The Dow Jones Industrial Average futures indicated a loss of 0.1% at the open, S&P 500 futures pointed to a flat open, while the Nasdaq 100 futures indicated an increase of 0.1%.
Earlier in the day, in its fourth quarter earnings report, FedEx said adjusted earnings per share came in at USD2.13, above expectations for USD1.95 per share.
The company’s fourth quarter revenue totaled USD11.4 billion, slightly missing expectations for revenue of USD11.46 billion.
FedEx said it saw full-year adjusted earnings per share in a range between USD6.67 and USD7.04, below expectations for earnings per share of USD7.28.
Following the release of the report, shares in FDX eased up 0.2% in pre-market trade.
The outlook for U.S. equity markets remained little changed. The Dow Jones Industrial Average futures indicated a loss of 0.1% at the open, S&P 500 futures pointed to a flat open, while the Nasdaq 100 futures indicated an increase of 0.1%.