Trending: FedEx Guides for Higher Revenue, Adjusted EPS for FY25
10:04 ET -- FedEx is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The package-shipping company's profit for the three months ended May 31 fell to $1.47 billion, or $5.94 a share, from $1.54 billion, or $6.05 a share, for the same period a year earlier. Adjusted earnings per share came in at $5.41, versus the $5.34 analysts polled by FactSet had expected. Revenue rose 0.9% to $22.1 billion, compared with analysts expectations of $22.04 billion. For the fiscal year 2025, FedEx expects revenue to grow in the low-to-mid single digit percentage range. It expects earnings per share of $18.25 to $20.25 before retirement plans accounting adjustments and $20 to $22 after also excluding costs related to business optimization initiatives. Wall Street had forecast full-year adjusted earnings per share of $20.92 and revenue growth of about 3.2%. Dow Jones & Co. owns Factiva. (zaeem.shoaib@wsj.com)
(END) Dow Jones Newswires
June 26, 2024 10:19 ET (14:19 GMT)
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