Industrials

FedEx(NYSE:FDX) Q3 2023 Revenue of $22.2 billion, adjusted EPS beats Analysts forecast of $2.74

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March 16, 2023 — FedEx(NYSE:FDX) today reported the following consolidated results for the third quarter ended February 28 (adjusted measures exclude the items listed below for the applicable fiscal year): Key Quotes: FedEx(NYSE:FDX) reported fiscal Q3 adjusted net income  of $3.41 per diluted share, down from $4.59 a year earlier. Analysts polled by Capital IQ forecast $2.74. Revenue for the quarter ended Feb. 28 was $22.2 billion, down from $23.6 billion a year earlier. Analysts surveyed by Capital IQ projected $22.74 billion. The delivery company said it now expects fiscal 2023 adjusted EPS of $13.80 to $14.40 before the mark-to-market retirement plans accounting adjustments. It guided at $12.50 to $13.50 previously. Additionally, the company said it continues to expect fiscal 2023 capital spending of $5.9 billion. FedEx Express operating results declined due to lower global volumes, partially offset by a 3% increase in revenue per package. Outlook FedEx is increasing

FedEx(NYSE:FDX) Q3 2023 Revenue of $22.2 billion, adjusted EPS beats Analysts forecast of $2.74 Read Post »

American Express(NYSE:AXP) Delinquencies on Consumer, Small Business Card Member Loans Tick up in February

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American Express (NYSE:AXP): As of the end of February 2023, 30-day overdue loans to total loans for credit card members in the United States were 1.1, compared to 1.0 at the end of January. American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-off Rate Statistics

American Express(NYSE:AXP) Delinquencies on Consumer, Small Business Card Member Loans Tick up in February Read Post »

Caterpillar (NYSE:CAT): The U.S. non-residential real estate market is improving with strong construction activity

/ / Industrials /

CEO of Caterpillar (NYSE:CAT): The U.S. non-residential real estate market is improving and construction activity is strong; The Company’s sales and profit position is expected to improve year-on-year. There are still some practical challenges in the supply chain; Chip supply has yet to return to pre-pandemic levels.

Caterpillar (NYSE:CAT): The U.S. non-residential real estate market is improving with strong construction activity Read Post »

General Electric (NYSE:GE) reiterated fiscal 2023 earnings guidance with a higher EPS cap than market expectations

/ / Industrials /

Ahead of Thursday’s investor meeting, General Electric (NYSE:GE) reiterated its guidance for fiscal 2023, including high-single-digit organic revenue growth, adjusted earnings per share in the range of $1.60 to $2.00, above market expectations of $1.95, and free cash flow of $3.4 billion to $4.2 billion. The company also reiterated that GE Aerospace saw median revenue growth of 10%, operating profit of $5.3 billion to $5.7 billion, and year-over-year free cash flow growth.

General Electric (NYSE:GE) reiterated fiscal 2023 earnings guidance with a higher EPS cap than market expectations Read Post »

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