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.

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Source Fool.com