Investing.com - FedEx (NYSE:FDX) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
FedEx announced earnings per share of $4.37 on revenue of $22.00B. Analysts polled by Investing.com anticipated EPS of $4.94 on revenue of $21.9B.
FedEx shares are down 2% from the beginning of the year and are trading at $246.72 , down-from-52-week-high.They are under-performing the S&P 500 which is up 15.9% from the start of the year.
FedEx shares lost 2.13% in after-hours trade following the report.
FedEx follows other major Transportation sector earnings this month
FedEx's report follows an earnings beat by GXO Logistics on Wednesday, September 1, 2021, who reported EPS of $0.4003 on revenue of $1.88B, compared to forecasts EPS of $0.3275 on revenue of $1.89B.
Air France KLM SA had missed expectations on Tuesday, September 7, 2021 with third quarter EPS of $-3.26 on revenue of $3.26B, compared to forecast for EPS of $-3.21 on revenue of $2.99B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar