FedEx and KB Home Report
It was a lackluster day of earnings, with FedEx and KB Homes offering little new insight from what they did previously. 😴
Starting with FedEx, the company’s earnings per share of $4.55 topped estimates of $3.71. However, $21.7 billion in sales missed expectations by a hair. Operating profit margins surprised to the upside, coming in at 7.3% vs. the 6% expected.Â