FedEx and Nike Report Earnings

Two companies going in opposite directions

Here is an earnings summary for Nike NKE 0.00%↑ and FedEx FDX 0.00%↑ who released earnings after the bell today.

FedEx Reports Q2 2023 Earnings

Here’s how FedEx performed in its fiscal second quarter of 2023, compared with analyst estimates:

• Earnings per share: $3.18 adjusted vs. $2.82 expected

• Revenue: $22.8 billion vs. $23.74 billion expected

EPS during the quarter was $3.1…