FedEx shares are trading higher after the company reported mixed Q1 financial results and issued guidance.
Portfolio Pulse from Benzinga Newsdesk
FedEx has reported mixed Q1 financial results and issued guidance, leading to a rise in its share prices.
September 20, 2023 | 8:14 pm
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FedEx's mixed Q1 results and new guidance have led to an increase in its share prices.
The mixed Q1 results indicate that while not all aspects of FedEx's performance were positive, there were enough positive elements to boost investor confidence. The issuance of new guidance also provides investors with a clearer picture of the company's future prospects, which can also boost share prices.
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