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FedEx and KB Home's Earnings: A Tale of Contrasting Reactions

  • September 20th, 2023
  • 690 views

FedEx Corporation (NYSE: FDX), a renowned global courier delivery services company, reported first-quarter fiscal 2024 earnings of $4.55 per share, surpassing the consensus EPS estimate of $3.73. The company's quarterly revenues amounted to $21.70 billion, slightly lower than analysts' revenue projection of $21.81 billion.

$FDX was trading at $264.45 in after-hours, showing a substantial increase of $13.93 (+5.56%).

In other news, KB Home (NYSE: KBH), a prominent home construction company, delivered third-quarter fiscal 2023 earnings of $1.80 per share, exceeding the consensus EPS estimate of $1.43. The company also reported quarterly sales of $1.59 billion, surpassing analysts' revenue forecast of $1.48 billion for the period.

In after-hours, $KBH was trading at $47.00, down $1.06 (-2.21%). 

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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