Investing.com - FedEx (NYSE:FDX) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.03 on revenue of $17B. Analysts polled by Investing.com anticipated EPS of $3.14 on revenue of $17.62B. That compared to EPS of $3.72 on revenue of $16.5B in the same period a year earlier. The company had reported EPS of $4.03 on revenue of $17.8B in the previous quarter.
For the year, FedEx shares are up 12.45%, under-performing the S&P 500 which is up 14.36% year to date.
FedEx follows other major Transportation sector earnings this month
On Tuesday, February 26, 2019, Public Storage reported fourth quarter EPS of $3.04 on revenue of $692.46M, compared to forecasts of EPS of $2.11 on revenue of $695.99M.
ZTO Express Cayman earnings beat analyst's expectations on Wednesday, March 13, 2019, with first quarter EPS of $1.63 on revenue of $5.63B. Investing.com analysts expected EPS of $1.61 on revenue of $5.35B
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