FedEx: Fiscal Q3 Earnings Snapshot

MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Thursday reported fiscal third-quarter net income of $771 million.

On a per-share basis, the Memphis, Tennessee-based company said it had profit of $3.05. Earnings, adjusted for non-recurring costs, were $3.41 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.

The package delivery company posted revenue of $22.17 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $22.64 billion.

FedEx expects full-year earnings in the range of $14.60 to $15.20 per share.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on FDX at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up