FedEx Q4 Earnings Highlights: Shares Surge On Revenue Beat, Guidance, $2.5-Billion Buyback, Freight Strategic Review
Portfolio Pulse from Chris Katje
FedEx Corporation (NYSE:FDX) reported strong Q4 earnings, beating revenue and EPS estimates. The company announced a $2.5 billion share buyback and provided positive guidance for fiscal 2025. FedEx shares surged 14% in after-hours trading.
June 25, 2024 | 8:24 pm
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FedEx reported strong Q4 earnings, beating both revenue and EPS estimates. The company announced a $2.5 billion share buyback and provided positive guidance for fiscal 2025. Shares surged 14% in after-hours trading.
The strong Q4 earnings report, combined with a significant share buyback and positive guidance for fiscal 2025, has led to a 14% surge in FedEx's share price in after-hours trading. This indicates strong investor confidence and a positive short-term impact on the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100