FedEx Corporation (FDX) recently revealed an increase in their third quarter earnings compared to the same period last year, surpassing predictions from Wall Street. The earnings of the courier company amounted to $879 million, equating to $3.51 per share. For comparison, the third quarter of the previous year resulted in $771 million, or $3.05 per share.
After adjustments for specific items, FedEx Corporation posted earnings of $966 million, or $3.86 per share. The average analyst expectation was for the company to garner $3.45 per share, as per data compiled by Thomson Reuters. These estimates usually do not factor in unique items.
For a quick review of FedEx Corporation's earnings (according to GAAP):
- Third Quarter Earnings: $879 million, up from $771 million during the same timeframe last year.
- Third Quarter Earnings per Share (EPS): Increased to $3.51 from $3.05 last year.
In regards to year-long projections, EPS is estimated to fall between $17.25 and $18.25.
