ETFs to Gain on FedEx Fiscal Q3 Earnings Beat [Yahoo! Finance]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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US:NYSE Investor Relations:
fedex.com/us/investorrelations
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Source: Yahoo! Finance
Following the results, FDX shares jumped 13% in after-market trade on elevated volume. The smooth trading is also expected to be felt in the ETF world, especially with respect to the ones with the highest allocation to FedEx. These include First Trust Nasdaq Transportation ETF FTXR, iShares U.S. Transportation ETF IYT, Pacer Industrials and Logistics ETF SHPP and ProShares Supply Chain Logistics ETF SUPL. Earnings per share came in at $3.86, surpassing the Zacks Consensus Estimate of $3.49 and improving 13% year over year. Revenues fell 2% year over year to $21.74 billion and fell short of the estimated $22.02 billion (see: all the Industrials ETFs here). For fiscal 2024, the shipping giant increased its earnings view to $17.25-$18.25 from $17-$18, reflecting confidence in its strategic direction and ongoing transformation efforts. The company announced an additional $500 million buyback in the fourth quarter and authorized a new $5 billion repurchase program. It expects to achie
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News
- Forbes Asia 100 To Watch Forum 2024 Highlights [Forbes]Forbes
- FedEx (FDX) Stock Moves -0.21%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- FedEx Shutters 4 Ship Centers, Cutting 220 Courier Jobs [Yahoo! Finance]Yahoo! Finance
- 15 Fastest Growing Cities in Tennessee [Yahoo! Finance]Yahoo! Finance
- Meet Terrand, the Inspiring Leader Behind the FedEx E-Commerce Learning Lab [Yahoo! Finance]Yahoo! Finance
FDX
Earnings
- 3/21/24 - Beat
FDX
Sec Filings
- 4/26/24 - Form 8-K/A
- 4/9/24 - Form 4
- 4/9/24 - Form 144
- FDX's page on the SEC website