Delivery giant FedEx announced stronger-than-expected fourth quarter (May 2023) earnings Tuesday, however revenue missed and there was recurring disappointment after the company issued a muted profit forecast for its coming fiscal year, amid what it described as ongoing demand weakness and input cost inflation. It has had a somewhat traumatic few years earnings wise with multiple warnings as inflation for FDX, rising rates and the supply crunch have all affected it. FedEx continued to be wounded by what is still … Continue reading “FedEx Still Hampered by Weak Global Demand Outlook and High Input Costs”
Delivery giant FedEx has had a somewhat traumatic year earnings wise with multiple warnings as inflation, rising rates and the supply crunch have all affected it. FDX reporting its November end quarter beat EPS by $0.36 but missed on revenue and guided FY23 EPS below consensus. FedEx reported that fewer packages moved through FedEx’s system for the fourth straight quarter with weaker demand most acute in its Express unit, which provides overnight and international deliveries. FedEx continued to be wounded … Continue reading “FedEx Shipments Fall for Fourth Straight Quarter, Looks to Deeper Cost Cuts”
Delivery giant FedEx reported adjusted earnings during the fiscal first quarter of $3.44 a share, matching the preliminary figure from the Sept. 16 profit warning. Revenue was $23.2 billion in the period ended Aug. 31. FedEx continued to be wounded by a collapsing European and Asian economies. Global volume softness accelerated in the final weeks of the quarter. FedEx warned last week that Q1 was down from $4.37 last year and well below the consensus of $5.14. The company reaffirmed … Continue reading “FedEx Earnings Updated After Profit Warning Pinpoints Cost Cuts of $2.7 Billion”
Delivery giant FedEx issued a major profit warning after the close Thursday for the first quarter and withdrew guidance for the year. $FDX was down over 11% after hours. FedEx continued to be wounded by a collapsing European and Asian economies. Global volume softness accelerated in the final weeks of the quarter. FedEx sees Q1 non-GAAP EPS of $3.44, down from $4.37 last year and well below the consensus of $5.14. The company reaffirms plans to buyback $1.5b shares. FedEx … Continue reading “FedEx Profit Warning as Global Volumes Decline, Withdrawing Guidance”
Zscaler shares soared 10% after beating earnings expectations and raising guidance for the fiscal fourth quarter. $ZS’s fiscal 2023 outlook came in above views. The digitization of business underscored that the shift continues to benefit $ZS with the surge in demand for its cloud security products. $ZS shares jumped on the release in the extended session Thursday 12%, following a 4.4% rise in the regular session. Zscaler Fiscal Fourth Quarter Earnings Zscaler (ZS) beat by $0.04, beat on revs Guided Q1 EPS … Continue reading “Zscaler Raises Guidance on Rising Cloud Based Cybersecurity Demand”
Zscaler shares soared to an all time high after beating earnings exppectations and raising guidance as the lockdown Work From Anywhere Trend (WFA) and the digitization of business underscored that the shift continues to benefit $ZS with the surge in demand for it’s cloud security products.
FedEx reported a huge beat in second quarter earnings after a series dissappointing earnings affected severeing its Amazon contracts. $FDX was up over 8% after hours. FedEx had been wounded by a slow European economy but is benefiting from the stay at home world at cheap het fuel and diesel.
More bad news for FedEx after dissappointing earnings last week, Sunday, Amazon announced third-party sellers could not use $FDX’s Ground and Home shipping for Prime services. FedEx wounded by slow European economy and the trade war took a hit.
FedEx Corp reported worse than expected first quarter 2020 earnings after the close Tuesday. The trade war has hurt $FDX more than most with it’s large China presence seeing it lower its guidance for full-year 2020. $FDX was trading down about 9% after hours.
FedEx Corp reported better than expected earnings after the close Tuesday with largely negative expectations as the trade war has hurt $FDX more than most with it’s large China presence. Lower FedEx International Priority package and freight revenues at FedEx Express hurt.