FedEx Corp. (NYSE:FDX) posted fiscal 2021 first-quarter results that exploded past analyst estimates, sending shares soaring in after-hours trading Tuesday.
The Memphis, Tennessee-based company posted diluted earnings per share of $4.72 on a GAAP basis and $4.87 a share on an adjusted, non-GAAP basis. In its fiscal 2020 first quarter, diluted EPS came in at $2.84 on a GAAP basis and $3.05 on a non-GAAP basis. The company’s first quarter ended Aug. 31.
Revenue jumped to $19.3 billion from $17...
https://www.freightwaves.com/news/parcels-are-back-fedex-blows-away-fiscal-first-quarter-estimates