FedEx announced earnings per share of $4.83 on revenue of $20.60B. Analysts polled by Investing.com anticipated EPS of $3.93 on revenue of $19.28B.
FedEx shares are up 93% from the beginning of the year and are trading at $293.80 , down-from-52-week-high.They are outperforming the S&P 500 which is up 15.16% year to date.
FedEx shares gained 0.41% in after-hours trade the report.
FedEx follows other major Transportation sector earnings this month
FedEx’s report follows an earnings beat by ZTO Express Cayman on Wednesday, November 18, 2020, who reported EPS of $1.53 on revenue of $6.64B, compared to forecasts EPS of $1.49 on revenue of $6.26B.
Promotora Y had missed expectations on Wednesday, December 2, 2020 with fourth quarter EPS of $1.4 on revenue of $116.09M, compared to forecast for EPS of $1.66 on revenue of $115.7M.
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