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📦 Last Tuesday, FedEx reported earnings for Q2 FY 2024.
The Numbers:
Earnings: 🔴 $3.99 Misses $4.18 Est.
Revenue: 🔴 $22.17B Misses $22.41B Est.
Consensus estimates are from LSEG.
The Quarter & Guidance:
Investors weren’t happy with FedEx’s earnings report, sending shares down by over 12% this week.
The company saw a 3% reduction in overall revenue and saw a considerable bottom line miss.
FedEx’s largest segment, Express, saw revenue decline by 6% due to lower demand and customers switching to more affordable services.
Looking ahead, FedEx cut its full-year revenue outlook to a low-single digit decline, down from prior flat growth expectations.
Challenging demand and customer shifts will continue to impact future revenue, despite FedEx’s ongoing restructuring efforts.
Source: FedEx, CNBC, WSJ
The Numbers:
Earnings: 🔴 $3.99 Misses $4.18 Est.
Revenue: 🔴 $22.17B Misses $22.41B Est.
Consensus estimates are from LSEG.
The Quarter & Guidance:
Investors weren’t happy with FedEx’s earnings report, sending shares down by over 12% this week.
The company saw a 3% reduction in overall revenue and saw a considerable bottom line miss.
FedEx’s largest segment, Express, saw revenue decline by 6% due to lower demand and customers switching to more affordable services.
Looking ahead, FedEx cut its full-year revenue outlook to a low-single digit decline, down from prior flat growth expectations.
Challenging demand and customer shifts will continue to impact future revenue, despite FedEx’s ongoing restructuring efforts.
Source: FedEx, CNBC, WSJ
📦 This week, FedEx reported higher-than-expected quarterly profits with adjusted earnings of $4.55 per share, beating the average analyst estimate of $3.73.
The company benefited from cost-cutting measures, strong pricing, and an influx of customers switching from rivals, like UPS, due to strike concerns.
Sales dropped 7% to $21.7B, slightly below the expected $21.8B. Despite this, FedEx raised the lower end of its annual earnings guidance from $16.50 to $17 per share, while maintaining the upper limit at $18.50.
CEO Raj Subramaniam linked the strong performance to ongoing global transformation efforts aimed at improving efficiency.
The company benefited from cost-cutting measures, strong pricing, and an influx of customers switching from rivals, like UPS, due to strike concerns.
Sales dropped 7% to $21.7B, slightly below the expected $21.8B. Despite this, FedEx raised the lower end of its annual earnings guidance from $16.50 to $17 per share, while maintaining the upper limit at $18.50.
CEO Raj Subramaniam linked the strong performance to ongoing global transformation efforts aimed at improving efficiency.
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https://sorilovelylife.blogspot.com/2019/08/blog-post_25.html
미국투자 시 알아두면 좋은 사이트
https://sorilovelylife.blogspot.com/2020/08/blog-post_25.html
재밌고, 유익한 책 모음
https://sorilovelylife.blogspot.com/2020/04/adsbygoogle-window_67.html
돈버는 부동산정보 사이트모음 / 아파트거래량 보는 법 / 좋은 아파트 매물 찾는 법
https://sorilovelylife.blogspot.com/2022/01/blog-post_25.html
한국사람들이 생각하는 결혼에 대한 모든 것!!!
https://sorilovelylife.blogspot.com/2019/08/blog-post_99.html
시설관리는 무슨일을 할까?부터 시설관리업무 후기를 한눈에 보이게 모았다!!!
시설관리 정보를 보시길 원하시면 아래를 클릭하세요
https://sorilovelylife.blogspot.com/2019/08/blog-post.html
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