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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 ...
"Perhaps the most important forecast is the 2024 median, which in our view will shift up by 25bp to 4.875%, reflecting just 75bp of cuts next year. This would be about 40bp above current market ...
FedEx missed on earnings but beat the revenue estimates. The parcel company issued a stronger-than-expected full-year forecast for fiscal 2023.
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 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 ...
Softness in the European economy as well as decelerating global trade might ail FedEx's (FDX) Q3 results.
In its consensus estimate, Wall Street was projecting a year-over-year revenue surge of 9%, reaching $17.186 billion, according to data from a survey carried out by Zacks. FedEx Corporation Stock ...
FedEx reports second-quarter earnings showing lower revenue ... compared to $2.5 billion in Q2 of the 2023 fiscal year. However, FedEx Freight's operating income jumped 11% from $487 million in Q2 ...