FedEx posts weak fiscal Q4 operating results, but EPS beats expectations

FedEx Corp. (NYSE:FDX) reported late Tuesday a $334 million net loss in its fiscal 2020 fourth quarter, as what is typically a solid period for the company collided this year with the worst part of the worldwide fallout from the coronavirus pandemic.

FedEx posted a $1.28-per-share loss in the quarter based on Generally Accepted Accounting Practices (GAAP). Adjusted non-GAAP results, however, came in at $2.53 per share, 11 cents a share above non-GAAP results of analysts polled by Barchart....

Leave a Comment