Investing.com - FedEx (NYSE:FDX) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
FedEx announced earnings per share of $2.53 on revenue of $17.40B. Analysts polled by Investing.com anticipated EPS of $1.7 on revenue of $16.45B.
FedEx shares are down 7% from the beginning of the year and are trading at $151.37 , down-from-52-week-high.They are under-performing the S&P 500 which is down 4.06% year to date.
FedEx shares gained 7.93% in after-hours trade after the report.
FedEx follows other major Transportation sector earnings this month
FedEx's report follows an earnings missed by Carnival ADS on Thursday, June 18, 2020, who reported EPS of $-3.3 on revenue of $700M, compared to forecasts EPS of $-1.59 on revenue of $773.9M.
Deutsche Lufthansa ADR had missed expectations on Tuesday, June 2, 2020 with second quarter EPS of $-4.98 on revenue of $7.23B, compared to forecast for EPS of $-3.13 on revenue of $7.36B.
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