Many companies are withholding outlooks right now due to the novel coronavirus. Home deliveries traditionally have been more expensive because they involved fewer packages and far-flung stops. That’s due to uncertainties the company has concerning the rest of the fiscal year. However, in general, the results continued to show weakness in the core business due to the disruptions caused by the COVID-19 crisis. “As we’ve said all along, I can’t predict what the demand is going to be, so it’s going to be very difficult to answer any questions associated with (2021),” Graf said. Revenue rose 13.5% to $19.3 billion. Philip Morris International Inc. (NYSE: PM) reported third quarter 2020 earnings results today. Shares of FedEx jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue. Analysts expected earnings of $2.69 per share and revenue of $17.55 billion. Revenue per package rose 2% to $9.33 during the quarter, which also included one additional business day. MEMPHIS, Tenn., Sept. 14, 2020... FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp. (NYSE: FDX), will increase shipping rates beginning January 4, 2021.
FedEx annual revenue for 2020 was $69.217B, a 0.68% decline from 2019. FedEx said the novel coronavirus pandemic, which is leaving a trail of human and economic damage in its wake, hit virtually all of the company's revenue and expense line items. The results exceeded analysts’ expectations. A driver for an independent contractor to FedEx Corp. pushes a cart with packages for delivery in New York, U.S., on Monday, Nov. 26, 2018. We want to hear from you. Company executives on Tuesday's earnings call touted a surge in home deliveries and signs that valuable business-to-business volume is making a comeback. Copyright © 2020 InvestorPlace Media, LLC. FedEx saw a $125 million charge for COVID-19 safety measures, like personal protective equipment and additional cleaning services, for the quarter. This was not only due to the fact that folks who stayed, © 2020 AlphaStreet Inc. All Rights Reserved, Infographic: Delta Air Lines slips to Q3 loss as revenues fall 76%, Take a look at our Consumer articles here, Philip Morris International (PM) Earnings: 3Q20 Key Numbers, Infographic: Highlights of IBM’s (IBM) Q3 2020 earnings report, Changes in the digital payments sector could bode well for Square (SQ) going forward. That’s a 67.8% boost over the company’s net income of $745 million in the same period of the year prior.
FedEx annual revenue for 2018 was $65.45B , a 8.51% increase from 2017.
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