FedEx reported fiscal first quarter earnings this morning that came below Wall Street estimates. FedEx reported earnings per share of $2.42 on revenue of $12.3 billion. Analysts were looking for first quarter earnings to come in at $2.45-$2.46 earnings per share on revenue of $12.3 billion. The quarter also led to management revising full fiscal year earnings downward. Prior to today, FedEx estimated full year earnings per share would come between $10.60 and $11.10. Management now says they expect full year earnings per share between $10.40 and $10.90. Shares of FedEx are down -2.60% in early premarket trading to $150.00….
FedEx Misses Earnings Estimates, Downgrades Full Year Outlook
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