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FedEx Stock Fell despite Beating Fourth-Quarter Estimates

Samuel Prince
Updated
FedEx Stock Fell despite Beating Fourth-Quarter Estimates

US-based global parcel delivery company FedEx (FDX) released its fiscal Q4 2018 earnings after market hours on June 19. The company exceeded Thomson Reuters surveyed analysts’ adjusted EPS estimate by 3.6%. FedEx’s adjusted EPS in the fourth quarter came in at $5.91 against the analysts’ expectations of $5.69. Compared with adjusted EPS of $4.25 in the fourth quarter of fiscal 2017, the company’s EPS was up 39% YoY (year-over-year) in the fourth quarter.

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