FedEx Beats Q4 Estimates, Shares Dip on Weak Outlook - FedEx (NYSE:FDX)
SHELBY COUNTY, TENNESSEE, JUN 24 – FedEx's fiscal Q4 profit rose to $1.46 billion due to cost cuts and export growth but Q1 earnings forecast of $3.40-$4 per share fell short of analyst expectations amid soft demand.
15 Articles
15 Articles
The messenger giant, FedEx, has reported financial results that have exceeded market expectations. According to the original report, the company recorded an adjusted profit of $1.46 billion, or $6.07 per share, for the fourth fiscal quarter that ended May 31. These results show an increase compared to the same period of the previous year, where the figures were $1.34 billion and $5.41 per share.Increments in revenue Revenue numbers also showed a…
Coverage Details
Total News Sources15
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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