Teka77
FedEx (NYSE:FDX) has been one of the companies I have been following for years due to their big fleet of freighter airplanes providing somewhat of an indicator on strength on the air freight market. I have never covered the stock before, but as it was part of my watchlist I have seen it fall post earnings many times, and the most recent quarterly report was no exception. In this report, I will be briefly discussing the results and more importantly I will assess whether the recent share decline in FedEx share prices offers a compelling entry point.
FedEx Misses On Top And Bottomline In A Challenging Market
The fact that FedEx stock plummeted might not be a total surprise as the company produced a $230 million or roughly 1% miss on estimates and core earnings per share of $3.99 missed estimates by $0.21. The earnings miss comes after four quarters of beating EPS estimates but the top line miss marked the seventh consecutive…
