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 21, 2023 | 12:14 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 some areas of strength within the company, while the new guidance provides investors with a clearer picture of the company's future prospects. This combination of factors has led to an increase in investor confidence, resulting in a rise in share prices.
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