Investing.com - FedEx (NYSE:FDX) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
FedEx announced earnings per share of $3.47 on revenue of $21.5B. Analysts polled by Investing.com anticipated EPS of $3.35 on revenue of $19.93B.
FedEx shares are up 1% from the beginning of the year and are trading at $259.01 , down-from-52-week-high.They are under-performing the S&P 500 which is up 4.27% from the start of the year.
FedEx shares lost 1.85% in after-hours trade following the report.
FedEx follows other major Transportation sector earnings this month
FedEx's report follows an earnings missed by Public Storage on Wednesday, February 24, 2021, who reported EPS of $1.67 on revenue of $748.54M, compared to forecasts EPS of $1.94 on revenue of $737.75M.
ZTO Express Cayman had missed expectations on Wednesday with first quarter EPS of $1.55 on revenue of $8.26B, compared to forecast for EPS of $1.77 on revenue of $8.25B.
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