FedEx Corporation (FDX) reported a decline in its first-quarter profit compared to the same period last year.
The company's net income stood at $1.47 billion, or $5.94 per share, down from $1.54 billion, or $6.05 per share, in the corresponding quarter of the previous year.
When excluding certain items, FedEx's adjusted earnings were reported at $1.34 billion, or $5.41 per share, for the quarter.
Revenue for the period saw a modest increase of 0.9%, rising to $22.1 billion from $21.9 billion in the prior year.
Key financial metrics for FedEx Corporation (GAAP) are as follows:
- Earnings (Q1): $1.47 billion, down from $1.54 billion last year.
- Earnings per Share (EPS) (Q1): $5.94, down from $6.05 last year.
- Revenue (Q1): $22.1 billion, up from $21.9 billion last year.
Guidance for the Full Year:
- Expected EPS: $20.00 to $21.00.
