Investing.com – FedEx (NYSE:) reported on Thursday first quarter that missed analysts’ forecasts and revenue that fell short of expectations.
FedEx announced earnings per share of $3.44 on revenue of $23.2B. Analysts polled by Investing.com anticipated EPS of $5.17 on revenue of $23.62B.
FedEx shares are down 20% from the beginning of the year and are trading at $204.87 , down-from-52-week-high.
FedEx follows other major Industrials sector earnings this month
FedEx’s report follows an earnings missed by Deere&Company on Friday, August 19, 2022, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
COSCO SHIPPING ADR had matched expectations on Tuesday, August 30, 2022 with third quarter EPS of $1.67 on revenue of $15.25B, compared to forecast for EPS of $1.67 on revenue of $15.26B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar