Cargo giant FedEx Corporation (NYSE: FDX) is expected to publish first-quarter results today at 4:00 pm ET, amid expectations for a mixed outcome.
Listen to FedEx’s Q1 2024 earnings call live and read the real-time transcript
Analysts are looking for lower revenues and a year-over-year increase in profit. As per the most recent estimate, adjusted profit is expected to be $3.73 per share, compared to $3.44 per share in the year-ago quarter. Revenues are expected to decline 7.5% year-over-year to $21.81 billion.
In the fourth quarter of 2023, revenues declined 10% from last year to around $22 billion, hurt by weakness in the main operating segments. That translated into a double-digit fall in adjusted profit to $4.94 per share. Meanwhile, unadjusted net income more than doubled to $1.54 billion or $6.05 per share, aided by one-time gains.
The post FedEx Q1 2024 Earnings Call: Listen Live and Get the Real-Time Transcript first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
