FedEx Earnings Beat on EPS But Miss on Revenue; Cuts Full-Year Outlook
- FedEx reported Q3 EPS of $3.86, beating estimates of $3.43 per share
- Revenue was $21.7B, missing forecasts by $380M
- Management expects full-year revenue to decline low-single-digits
- Adjusted full-year EPS forecast is $17.25-$18.25, below prior outlook
- Analyst consensus is a Strong Buy with $294.69 average price target
