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FedEx earnings, revenue miss in the first quarter

FedEx earnings, revenue miss in the first quarter

Investing.com – The FedEx (NYSE:) reported Thursday that the first quarter did not live up to analyst expectations and revenue did not live up to expectations.

FedEx reported earnings per share of $3.44 on revenue of $23.2 billion. Analysts polled by Investing.com expected earnings per share of $5.17 on revenue of $23.62 billion.

FedEx shares are down 20% from the start of the year, still down 23.21% from a 52-week high of $266.79 on Jan.

FedEx tracks earnings for other major industries this month

The FedEx report follows missed earnings by Deere & Company on Aug. 19, which reported earnings of $6.16 on revenue of $13 billion, compared to an EPS forecast of $6.65 on revenue of $12.93 billion.

COSCO SHIPPING ADR was in line with expectations on August 30 with third-quarter EPS of $1.67 on revenue of $15.25 billion, compared to expectations of $1.67 on revenue of $15.26 billion.

Stay up-to-date with all upcoming earnings reports by visiting the Investing.com earnings calendar

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