CORRECTION: FedEx Expects To Buyback $2.5B Of Shares For Fiscal 2025
Portfolio Pulse from Benzinga Newsdesk
FedEx has announced plans to buy back $2.5 billion worth of shares for fiscal year 2025.
June 25, 2024 | 8:14 pm
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FedEx has announced a $2.5 billion share buyback for fiscal year 2025, which is likely to positively impact its stock price in the short term.
Share buybacks typically reduce the number of shares outstanding, which can increase earnings per share and often lead to a higher stock price. This significant buyback plan indicates confidence in the company's financial health and future prospects.
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