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FedEx Company (NYSE: FDX) on Tuesday reported increased earnings, excluding particular objects, for the second quarter of 2024. The underside line, nonetheless, missed analysts’ expectations.
Q2 revenue, adjusted for one-off objects, got here in at $3.99 per share, in comparison with $3.18 per share within the year-ago interval. Unadjusted revenue was $900.0 million or $3.55 per share within the November quarter, vs. $788.0 million or $3.07 per share within the corresponding interval of 2023. Earnings fell in need of expectations.
Complete revenues had been $22.20 billion within the second quarter, in comparison with $22.8 billion final 12 months. The newest quantity got here in under Wall Avenue’s estimates.
Prior Efficiency
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