FDX - FedEx Stock Climbs On Q3 Results: EPS Beat $5B Share Buyback | Benzinga
FedEx reported quarterly earnings of $3.86 per share which beat the analyst consensus estimate of $3.45 by 11.88% and represents a 13.2% increase over earnings of $3.41 per share from the same period last year. Quarterly sales came in at $21.7 billion, missing the analyst consensus estimate of $22.04 billion by 1.54% and a 2.12% decrease over sales of $22.17 billion from the prior year's quarter. The FedEx board of directors authorized a new $5 billion share repurchase program, and the company plans $500 million of share repurchases in the fourth quarter.
FedEx Corporation (NYSE:FDX) shares are up after the company reported its third-quarter financial results after the bell Thursday. Here's a look at the highlights.
The Details: FedEx reported quarterly earnings of $3.86 per ...