FedEx Post Earnings: Stock Jumps On Better Express Margins [Seeking Alpha]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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US:NYSE Investor Relations:
fedex.com/us/investorrelations
Company Research
Source: Seeking Alpha
Revenue fell 2% YoY, while operating income for FDX rose 16% YoY, and EPS rose 13%. For fiscal Q4 '24, which will be reported in June '24, FDX is expected to grow revenue 1% YoY, operating income 6%, and EPS 8% YoY. FedEx ( NYSE: FDX ) reported their fiscal Q3 '24 financial results after the bell last Thursday night, March 21st, and while revenue missed estimates, EPS was well ahead of consensus, as was operating income. Revenue fell 2% YoY, while operating income for FDX rose 16% YoY, and EPS rose 13%. For fiscal Q4 '24, which will be reported in June '24, FDX is expected to grow revenue 1% YoY, operating income 6%, and EPS 8% YoY. The pleasant surprise of the Q3 '24 quarter was Express's improved operating margin which rose 140 bps to 2.5%, still quite low, but better than expected. Express has long been FedEx's Achilles' heel so it's a plus that margins improved more than expected, but there's a lot more work ahead from FedEx Drive and greater margin improvement. Segme
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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