FedEx more optimistic on its annual forecasts – 03/17/2023 at 13:47


(AOF) – FedEx raised its annual objectives. The American messaging giant realized in the third quarter, ended at the end of March, of its fiscal year 2023 a net profit down by 771 million dollars, or 3.05 dollars per share against respectively 1.1 billion dollars and 4, $20 a share, a year ago. In adjusted data, earnings per share stood at 3.41 dollars, compared with a consensus amounting to 2.71 dollars. Revenue fell 6% to $22.2 billion while Wall Street was aiming for $22.72 billion.

For the year, the group now expects adjusted annual earnings between 14.60 and 15.20 dollars per share against 13 dollars to 14 dollars previously.

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