FedEx Reports Blockbuster Quarter, Predicts Record Holiday Volumes
FedEx (NYSE: FDX) late Tuesday reported fiscal first quarter results that came in well ahead of expectations, as a surge in e-commerce business offset pandemic-related expenses. The company is expecting those volumes to sustain through the end of the year, predicting the busiest holiday season in the company's history.
FedEx reported earnings of $4.87 per share on revenue of $19.3 billion, easily topping consensus analyst expectations for $2.69 per share in earnings on sales of $17.6 billion.
Image source: FedEx.
Source Fool.com
