FDX - FedEx Stock Is Falling Wednesday: What's Going On? | Benzinga
FedEx Corp (NYSE: FDX) shares are trading lower Wednesday after the company reported worse-than-expected financial results. Multiple analysts also lowered price targets following the print.
- Q2 Revenue: $22.2 billion missed estimates of $22.39 billion
- Q2 EPS: $3.99 missed estimates of $4.19
Despite a decline in revenue, both income and margin improved. Consolidated operating income was up 9% and up 17% on an adjusted basis, primarily driven by execution of the company's DRIVE program.
"FedEx has delivered an ...