Investing.com - FedEx (NYSE:FDX) reported on Thursday fourth quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
FedEx announced earnings per share of $6.87 on revenue of $24.4B. Analysts polled by Investing.com anticipated EPS of $6.87 on revenue of $24.49B.
FedEx shares are down 11% from the beginning of the year and are trading at $236.66 , down-from-52-week-high.They are outperforming the S&P 500 which is down 20.34% from the start of the year.
FedEx shares gained 3.47% in after-hours trade the report.
FedEx follows other major Industrials sector earnings this month
FedEx's report follows an earnings missed by ZTO Express Cayman on May 25, who reported EPS of $1.12 on revenue of $7.9B, compared to forecasts EPS of $1.35 on revenue of $7.8B.
Ashtead Gro had beat expectations on June 14 with second quarter EPS of $2.87 on revenue of $2.08B, compared to forecast for EPS of $2.7 on revenue of $1.98B.
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