FedEx Corp. (NYSE:FDX) late Thursday reported very strong fiscal third-quarter 2021 results, with massive year-on-year increases in earnings per share as well as operating and net income, and revenues of $21.5 billion, a 21.3% gain.
On an adjusted basis, EPS hit $3.47, well above the range of $3.21 to $3.24 a share estimated by analysts on various financial platforms. The company posted EPS of $1.41 in its fiscal 2020 fourth quarter. Adjusted operating income hit $1.06 billion, more than doubling the fiscal 2020 figures. Adjusted net income of $939 million was way above the $371 million figure reported in the fiscal 2020 fourth quarter. Adjusted operating margin of 4.9% was far above the 2.8% margin in the fiscal 2020 fourth quarter.
