Investing.com - FedEx (NYSE:FDX) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $4.03 on revenue of $17.8B. Analysts polled by Investing.com expected EPS of $3.96 on revenue of $17.76B. That compared to EPS of $3.18 on revenue of $16.31B in the same period a year earlier. The company had reported EPS of $3.46 on revenue of $17.1B in the previous quarter.
For the year, FedEx shares are down 25.86%, under-performing the S&P 500 which is down 5.13% year to date.
FedEx follows other major Transportation sector earnings this month
On November 21, LATAM Airlines ADR reported third quarter EPS of $0.09 on revenue of $2.49B, compared to forecasts of EPS of $0.11 on revenue of $2.72B.
Promotora Y earnings beat analyst's expectations on November 28, with third quarter EPS of $2.82 on revenue of $149.25M. Investing.com analysts expected EPS of $2.73 on revenue of $148.52M
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