FedEx Misses 2Q Earnings, Reaffirms Profit Forecast

Despite expectations for a positive earnings report, FedEx reported earnings per share of $2.14, missing the consensus of $2.25. Revenue also fell short at $11.9 billion compared to the expected $11.98 billion. The company plans to update fuel surcharges effective February 3rd. FedEx reaffirmed its full-year profit outlook, but the stock fell 2.7% due to the earnings and sales miss. A $0.16 benefit from share repurchases was noted in the second quarter.

What was the actual earnings per share reported by the company?

• $2.00

• $2.50

• $2.14

• $2.25

What was the expected revenue figure that analysts were looking for?

• $11.85 billion

• $11.9 billion

• $11.98 billion

• $12 billion

When will the updated fuel surcharges become effective?

• December 23rd

• January 1st

• February 3rd

• March 1st

By what percentage did the stock decline due to the earnings and sales miss?

• 2.0%

• 2.7%

• 1.5%

• 3.0%

What was the benefit from share repurchases in the second quarter?

• $0.10

• $0.20

• $0.16

• $0.25