FedEx (NYSE:FDX) is expected to grow its profits but report lower revenues when it delivers its fiscal second quarter 2024 financial results after the closing bell on Tuesday, December 19.
Wall Street analysts expect the package delivery company to report earnings per share (EPS) of $4.13, up almost 30% from the year-ago quarter’s $3.18.
Revenue, however, is expected to be 2.1% lower year-over-year, falling from $22.81 billion to $22.33 billion.
Investors will also be looking out for any updates to the company’s full-year guidance.
When it handed down its fiscal 1Q 2024 results in September, the company revised its revenue and earnings outlook.
It said it expects revenue to be flat year-over-year, compared to its prior forecast of flat to low-single-digit growth, and diluted EPS in the range of $17 to $18.50, versus its earlier forecast of $16.50 to $18.50.
FedEx (NYSE:FDX) shares traded 0.5% higher at US$268.62 on Thursday afternoon and have added 51.5% in the year to date.
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