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FedEx Posts Mixed Q3, Suspends 2020 Guidance

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FedEx Posts Mixed Q3, Suspends 2020 GuidancePhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png

Shares of FedEx (NYSE: FDX) were lower in pre-market trading on Wednesday after the company released its third-quarter 2020 results after market hours Tuesday.

For the quarter, the logistics giant took in revenue of $17.5 billion, slightly up from the $17 billion in Q3 2019. Non-GAAP (adjusted) net income fell considerably, by 53% to $371 million, with earnings per share (EPS) of $1.41.

Image source: FedEx.

Source Fool.com

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