FedEx Earnings, Revenue beat in Q4 By Investing.com

FedEx (NYSE:FDX) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

FedEx announced earnings per share of $5.01 on revenue of $22.6B. Analysts polled by Investing.com anticipated EPS of $4.97 on revenue of $21.46B.

FedEx shares are up 17% from the beginning of the year and are trading at $298.05 , down-from-52-week-high.They are outperforming the S&P 500 which is up 13.59% from the start of the year.

FedEx shares lost 1.93% in after-hours trade the report.

FedEx follows other major Industrials sector earnings this month

FedEx’s report follows an earnings beat by IHS Markit Ltd on Wednesday, who reported EPS of $0.81 on revenue of $1.18B, compared to forecasts EPS of $0.7996 on revenue of $1.12B.

Toro had beat expectations on June 3 with second quarter EPS of $1.29 on revenue of $1.15B, compared to forecast for EPS of $1.19 on revenue of $1.13B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar