FedEx Beats Bottom Line Estimates, Offers Weak Guide Into 2023

72
3
Favorite

FedEx Beats Bottom Line Estimates, Offers Weak Guide Into 2023

Seeking Alpha2022-12-21

FedEx Corporation (NYSE:FDX) stock traded in a volatile manner after hours on Tuesday after notching a surprise beat on the bottom line for Q2, but offering light full-year forecasts.The Memphis-based...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

Jianbin
·2022-12-21
Ok thanks
Reply
1
Report
HAN8
·2022-12-21
Good morning
Reply
3
Report
Fold Replies
- ElvisLHS:
  liked liao
  2022-12-21
  Reply
  Report
TaiWoeiHaur
·2022-12-21
Good morning
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1124365986?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-12-21 07:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1124365986","market":"us","top_or_hot":-1,"title":"FedEx Beats Bottom Line Estimates, Offers Weak Guide Into 2023","media":"Seeking Alpha","content":"<div>\n<p>FedEx Corporation (NYSE:FDX) stock traded in a volatile manner after hours on Tuesday after notching a surprise beat on the bottom line for Q2, but offering light full-year forecasts.The Memphis-based...</p>\n\n<a href=\"https://seekingalpha.com/news/3919155-fedex-beats-bottom-line-estimates-offers-weak-guide-into-2023\">Source Link</a>\n\n</div>\n","source":"seekingalpha_fund","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx Beats Bottom Line Estimates, Offers Weak Guide Into 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx Beats Bottom Line Estimates, Offers Weak Guide Into 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-21 07:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3919155-fedex-beats-bottom-line-estimates-offers-weak-guide-into-2023><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FedEx Corporation (NYSE:FDX) stock traded in a volatile manner after hours on Tuesday after notching a surprise beat on the bottom line for Q2, but offering light full-year forecasts.The Memphis-based...</p>\n\n<a href=\"https://seekingalpha.com/news/3919155-fedex-beats-bottom-line-estimates-offers-weak-guide-into-2023\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDX","symbol_name":"联邦快递","start_time":0,"source_url":"https://seekingalpha.com/news/3919155-fedex-beats-bottom-line-estimates-offers-weak-guide-into-2023","article_id":"1124365986","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124365986","pubTimestamp":1671578390,"sourceInfo":{"source_id":"seekingalpha_fund","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"FedEx Corporation (NYSE:FDX) stock traded in a volatile manner after hours on Tuesday after notching","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FDX":"联邦快递"},"translate_title":"联邦快递超过底线预期，对2023年提供疲软的指导","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDX":0.9},"content_text":"FedEx Corporation (NYSE:FDX) stock traded in a volatile manner after hours on Tuesday after notching a surprise beat on the bottom line for Q2, but offering light full-year forecasts.The Memphis-based transportation company posted $3.18 in earnings per share for the fiscal second quarter on $22.8B in revenue. The analyst consensus expectations stood at $2.83 and $23.72B, respectively. Lower global volumes for the Express business was cited as a particular headwind for the company, offsetting some of the cost-saving initiatives pursued by the company.“The FedEx team moved with urgency to make rapid progress on our ongoing transformation while navigating a weaker demand environment,” CEO Raj Subramaniam said. “Our earnings exceeded our expectations in the second quarter driven by the execution and acceleration of our aggressive cost reduction plans.”The company expects to garner $1B in cost savings beyond its September forecast, now totaling $3.7B in savings as compared to its initial fiscal 2023 business plan. Capital expenditure expectations for the full-year were also reined in to $5.9B from $6.3B.On the back of those cost cuts, FedEx now expects earnings per diluted share in the range of $13.00 to $14.00 before mark to market retirement plan accounting adjustments and excluding estimated costs related to business optimization initiatives and business realignment activities. Analysts had anticipated $14.12, a figure reeled in significantly in recent months.“Our teams have an unwavering focus on rapidly implementing cost savings to improve profitability,” CFO Michael C. Lenz said. “As we look to the second half of our fiscal year, we are accelerating our progress on cost actions, helping to offset continued global volume softness.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9926518687,"gmtCreate":1671582142549,"gmtModify":1676538558764,"author":{"id":"3575577353266581","authorId":"3575577353266581","name":"Jianbin","avatar":"https://static.tigerbbs.com/c08b01ec5b4b01c2164cf5941443a86f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575577353266581","authorIdStr":"3575577353266581"},"htmlText":"Ok thanks","listText":"Ok thanks","text":"Ok thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926518687","repostId":1124365986,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926592002,"gmtCreate":1671580098606,"gmtModify":1676538558172,"author":{"id":"4101519928373730","authorId":"4101519928373730","name":"HAN8","avatar":"https://community-static.tradeup.com/news/f03651132a03205c38c32fafbfb71da4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4101519928373730","authorIdStr":"4101519928373730"},"htmlText":"Good morning&nbsp;","listText":"Good morning&nbsp;","text":"Good morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9926592002","repostId":1124365986,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105280801,"gmtCreate":1671581937166,"gmtModify":1671581950247,"authorId":3582789589641542,"author":{"id":3582789589641542,"idStr":"3582789589641542","authorId":3582789589641542,"name":"ElvisLHS","avatar":"https://community-static.tradeup.com/news/0eedb9c8606dbadf3e0b6fb7789c6be7","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.22","exceedPercentage":"93.68%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9926592002,"type":1,"supId":0,"prevId":0,"content":"liked liao","text":"liked liao","html":"liked liao"}],"langContent":"EN"},{"id":9926504899,"gmtCreate":1671579350411,"gmtModify":1676538557948,"author":{"id":"3563667765668803","authorId":"3563667765668803","name":"TaiWoeiHaur","avatar":"https://community-static.tradeup.com/news/4573ecee7a4a891ace3e5566a59069d5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3563667765668803","authorIdStr":"3563667765668803"},"htmlText":"Good morning&nbsp;","listText":"Good morning&nbsp;","text":"Good morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926504899","repostId":1124365986,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":72,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}