FedEx Posts Mixed Q3, Suspends 2020 Guidance
Shares of FedEx (NYSE: FDX) were lower in pre-market trading on Wednesday after the company released its third-quarter 2020 results after market hours Tuesday.
For the quarter, the logistics giant took in revenue of $17.5 billion, slightly up from the $17 billion in Q3 2019. Non-GAAP (adjusted) net income fell considerably, by 53% to $371 million, with earnings per share (EPS) of $1.41.
Image source: FedEx.
Source Fool.com