FedEx shares are trading higher after the company reported better-than-expected Q4 financial results and issued guidance. Also, the company announced it expects to buyback $2.5 billion of shares for FY25.
Portfolio Pulse from Benzinga Newsdesk
FedEx shares are trading higher after the company reported better-than-expected Q4 financial results and issued guidance. Additionally, FedEx announced a $2.5 billion share buyback plan for FY25.
June 26, 2024 | 11:29 am
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FedEx shares are trading higher following the release of better-than-expected Q4 financial results and the announcement of a $2.5 billion share buyback plan for FY25.
The better-than-expected Q4 financial results indicate strong operational performance, which is likely to boost investor confidence. Additionally, the $2.5 billion share buyback plan signals management's confidence in the company's future prospects and is likely to provide further support to the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100