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0 0 0 0 0.00729493595724828 0.00687081177368735 0.00742217321231657 -0.00305369412163881
Stock impact report

FedEx's quarterly profit misses Wall Street estimates [CNBC]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: CNBC
show chapters FedEx reported quarterly profit that missed Wall Street estimates on Monday, as employee compensation and other expenses weighed on results. Shares in the Memphis -based package delivery company fell 3.4 percent to $247 in after-hours trading. FedEx and rival United Parcel Service are considered bellwethers for the U.S. economy and investors are monitoring U.S. President Donald Trump's tariff battle with China . Revenue from China-U.S. trade represents 2 percent of total FedEx revenue and tariffs affect a small portion of that, the company said. Net profit at FedEx jumped 40 percent to $835 million, or $3.10 per share, for the fiscal first quarter ended Aug. 31. Profit excluding items came in at $3.46 per share, missing analysts' average estimate of $3.81, according to Thomson Reuters I/B/E/S. Revenue rose almost 12 percent to $17.1 billion for the quarter, just topping analysts' target of $16.9 billion. FedEx accel Show less Read more
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