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In Thursday's earnings release, FedEx reported it made $21.7 billion in revenue for the 2024 fiscal year’s third quarter that ended Feb. 29, which was a decrease from the 2023 fiscal year of $22 ...
Shares of FedEx Corp jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue.
Softness in the European economy as well as decelerating global trade might ail FedEx's (FDX) Q3 results.
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy. FedEx earnings ...
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to $22. That sent shares tumbling nearly 15%.
FedEx missed on earnings but beat the revenue estimates. The parcel company issued a stronger-than-expected full-year forecast for fiscal 2023.
Yet it trades and performs like one, offering newcomers a chance to plug in while the dividend yield stands at 10%, and while shares are priced at less than 10 times their past and projected earnings.
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