Follow Invezz on Telegram , Twitter , and Google News for instant updates >FedEx Corp. shares surged over 13% in Wednesday’s premarket session following the company’s announcement of significant structural cost reductions for fiscal year 2024. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Investors reacted positively to the news, which is part of FedEx’s broader strategic initiative aimed at enhancing efficiency and profitability. Cost-cutting measu ...

Key TakeawaysShares in package delivery giant FedEx surged nearly 14% in premarket trading Wednesday after the company topped Wall Street’s quarterly earnings estimates and provided an optimistic outlook.The company’s stock has traded within a narrow 6% range over the past six weeks on below-average volume, increasing the likelihood of a significant move post-earnings.Monitor if FedEx shares can close above the top trendline of a channel around $285, a move that that could lead to follow-through buying in u ...

Consider this: FedEx (NYSE:FDX) is a gauge of the U.S. transportation market, and even of America’s economic health. That’s a deep thought, but it’s not an exaggeration. FedEx is laying off thousands of workers, which is crucial news. This is good news for FedEx stock investors.Income-focused investors should definitely put some FedEx shares in their portfolios. Do you believe in the magic of dividend reinvestment and the “get rich slowly” principle? If so, then you won’t want to miss this opportunity.Don’t ...

FedEx saw its volume continue to stabilize during the quarter ending May 31 after experiencing year-over-year declines.In May, its FedEx Express U.S. domestic package volume was down 1% year over year, while its FedEx Ground was up 1%, its FedEx Express international export was up 9% and its FedEx Freight LTL was up 1%, according to a presentation released Tuesday.“While we saw modest yield improvement and signs of volume stabilization across segments, we have not yet seen a notable increase in demand,” Raj ...

FedEx Corporation (NYSE:FDX) Q4 2024 Earnings Call Transcript June 25, 2024 5:00 PM ET Company Participants Jeni Hollander - VP of IR Raj Subramaniam - President and CEO Brie Carere - EVP, Chief Customer Officer John Dietrich - EVP and CFO Conference Call Participants Daniel Imbro - Stephens Inc. Scott Group - Wolfe Research Chris Wetherbee - Citigroup Conor Cunningham - Melius Research Ken Hoexter - Bank of America Brandon Oglenski - Barclays. Tom Wadewitz - UBS Jonathan Chappell - Evercore Jordan Alliger ...

FedEx (FDX) reported $22.11 billion in revenue for the quarter ended May 2024, representing a year-over-year increase of 0.8%. EPS of $5.41 for the same period compares to $4.94 a year ago.The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $22.12 billion. With the consensus EPS estimate being $5.34, the EPS surprise was +1.31%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

FedEx (FDX) came out with quarterly earnings of $5.41 per share, beating the Zacks Consensus Estimate of $5.34 per share. This compares to earnings of $4.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.31%. A quarter ago, it was expected that this package delivery company would post earnings of $3.49 per share when it actually produced earnings of $3.86, delivering a surprise of 10.60%.Over the last four quarters, the com ...

Key TakeawaysFedEx reported stronger-than-expected fourth-quarter earnings, sending the stock more than 14% higher in extended trading Tuesday.The company's revenue grew slightly from the year-ago period and came in ahead of expectations. Net income declined on a year-over-year basis, but beat estimates.FedEx CEO Raj Subramaniam said the results reflect the company's initiatives to drive profitability and cut costs, and that the company expects the "momentum to continue." FedEx (FDX) reported better-than-ex ...

FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings and revenue.Here's how the company did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: $5.41 cents adjusted vs. $5.35 expectedRevenue: $22.11 billion vs. $22.07 billion expectedThe company reported net income for the three-month period that ended May 31 of $1.47 billion, or $5.94 per s ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...