Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
FedEx reports
Stock Market

FedEx reports quarterly earnings

16.11.2022
2 min read

FedEx earnings lower than analysts predicted

American logistics company FedEx presented its financial report for the quarter. According to it, the business income was lower than analysts predicted.
Earnings per share were $3.44, while income was $23.2 billion. Analysts had expected earnings per share of $2.8 and total revenue of about $23.8 billion.
The current year is not a good one for FedEx. During that period, the share price has fallen 42%, which was worse than the average in the S&P 500 index. Experts note that the company demonstrates the trend that is observed in the industrial sector. The decline in income is also recorded in other businesses, which can be attributed to the global processes of slowing growth dynamics.
The company, which provides postal services, appeared in 1971 in Arkansas. It was founded by Fred Smith. At the time it was called Federal Express, and it was the first in the country to promise express parcel delivery.FedExIt should be noted that at that time courier services were extremely inefficient, and as a result, shipments did not reach their recipients or delivery took a long time. Smith came up with the idea of creating a single center where all parcels would be taken and from there they would be delivered to the recipients. In fact, this is how modern operators and postal services work now. And to speed up the transport process, Frederick decided to use aircraft rather than traditional trucks and railroads. The idea for such a business came to the entrepreneur during his military service, and at the end of it he drew up a business plan for an office that would deliver goods by night. Smith borrowed money to buy airplanes and started his own business. Two years later FedEx already had a fleet of 33 planes, and the sorting center was located in one of the hangars. For the first time in history, it was possible to deliver a parcel to the addressee in just a day.
By the end of 1973, FedEx had expanded its footprint to 25 cities and was delivering 190 shipments daily.
In 1978 the company went public in New York, and a year later opened a representative office in Canada. After a while, FedEx began delivering packages to Europe and Asia. This helped the company reach a turnover of $1 billion in 10 years of operation, with management not resorting to buying from competitors.
FedEx now owns one of the largest air fleets in the world, with more than 600 planes. In 2015, the company acquired TNT from the Netherlands, a deal closed for 4.4 billion euros.

Tags: Stock Market
0
Previous Post China's growth will be among the lowest Next Post Embedded finance as an ideal tool for the B2B sector

You Might Also Like

Volume of natural gas production
Stock Market
Natural gas and oil production in Brazil rose to record levels
30.10.2020
issue of green bonds
Stock Market
Moscow city government started to issue green bonds
24.11.2021
Tencent Company
Stock Market
Tencent company pressed Facebook and became the leader of the social networks segment
08.04.2021
Russian money market development
Stock Market
What factors influence the development of the Russian money market
22.07.2020
record inequality in the U.S.
Stock Market
Record inequality in the U.S.: the reasons for the wealthy’s capital increase
10.07.2022
placement of federal loan bonds
Stock Market
Placement of federal loan bonds: how the budget is filled with government paper
29.12.2020

Recent Posts

  • 1Erik Penser
    Erik Penser: the ups and downs of the Swedish businessman
    30.03.2023
  • 2Royal Dutch Shell logo
    Royal Dutch Shell: the history of the British-Dutch company
    29.03.2023
  • 3discount window features
    Discount window: peculiarities of lending from the Federal Reserve System
    28.03.2023
  • 4LG Energy Solution
    LG Energy Solution invests in battery production expansion
    27.03.2023
  • 5troubled crypto exchanges-2
    SEC to closely monitor troubled crypto exchanges
    26.03.2023

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Where can one obtain citizenship for investing in a country: overview of states?

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Erik Penser
Erik Penser: the ups and downs of the Swedish businessman
30.03.2023
Royal Dutch Shell logo
Royal Dutch Shell: the history of the British-Dutch company
29.03.2023
discount window features
Discount window: peculiarities of lending from the Federal Reserve System
28.03.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Where can one obtain citizenship for investing in a country: overview of states?
  • Alibaba Group: the secret of success from the founders of Aliexpress
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics