FedEx Corporation’s (FDX – Analyst Report) second-quarter fiscal 2016 (ended Nov 30, 2015) earnings per share (on an adjusted basis) of $2.58 beat the Zacks Consensus Estimate of $2.51. A strong holiday season owing to the e-commerce boom drove the earnings beat. Earnings also increased 19.4% year over year. A lower tax rate also boosted earnings. Including special items, earnings climbed 5.6% to $2.44 per share.
The earnings beat naturally pleased investors. Consequently, the stock gained in after-market trading on Dec 16.
FedEx Corporation (FDX – Analyst Report) EPS BNRI & Surprise Percent – Last 5 Quarters | FindTheCompany
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