FedEx Corporation’s (FDX) efforts to reward shareholders through dividends and buybacks are encouraging. FDX's liquidity position is also impressive. However, concerns arise from volume-related challenges impacting the FedEx Express segment.Factors Favoring FDXIn the second quarter of fiscal 2023, FedEx launched DRIVE to boost long-term profitability, aiming for $1.8 billion in savings this year and $2.2 billion by 2025. Measures like flight cuts and staff reductions show commendable cost-control efforts, c ...

FedEx Corporation's (FDX) reported third-quarter fiscal 2024 earnings per share (EPS) (excluding 35 cents from non-recurring items) of $3.86, which beat the Zacks Consensus Estimate of $3.49 and improved 13.2% year over year. The uptick was backed by the execution of the company's DRIVE program initiatives and continued focus on service and revenue quality.Revenues of $21.70 billion fell short of the Zacks Consensus Estimate of $22.02 million and decreased 2.1% from the year-ago fiscal quarter’s reported fi ...

FedEx (FDX 8.07%) delivered an earnings beat in a tough operating environment. Investors are pleased with the results, sending FedEx shares up 8% as of 10 a.m. ET.Improved earnings in a difficult environment2023 was a challenging year for the shipping industry. Concerns about the economy caused large manufacturers and retailers to take a cautious approach to inventories, which ate into demand for transportation services.In response, FedEx and other shippers have been focused on costs.That focus paid off in ...

FedEx Corporation (NYSE:FDX) Q3 2024 Results Conference Call March 21, 2024 5:30 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 Jordan Alliger - Goldman Sachs Tom Wadewitz - UBS Jonathan Chappell - Evercore Bascome Majors - Susquehanna David Vernon - Sanford C. Bernstein Brian Ossenbeck - J.P. Morgan Jeff Kauffman - Vertical Research Partners Ken Hoexter - Bank of Amer ...

Thursday, March 21st, 2024It was another strong day in the markets today. With one more session to go for the week, we’ve seen all four major indices up nicely, from +1.42% on the Nasdaq (which has been the leading index for the past year) to +3.26% on the Russell 2000, which had been the most downtrodden. Today, the small-cap index beat the field, +1.25%, the Dow was up +0.68%, the S&P +0.32% and the Nasdaq +0.20%.Market participants are still riding the heady buzz of three interest rate cuts from the Fed ...

For the quarter ended February 2024, FedEx (FDX) reported revenue of $21.7 billion, down 2.1% over the same period last year. EPS came in at $3.86, compared to $3.41 in the year-ago quarter.The reported revenue represents a surprise of -1.47% over the Zacks Consensus Estimate of $22.02 billion. With the consensus EPS estimate being $3.49, the EPS surprise was +10.60%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their n ...

FedEx (FDX) came out with quarterly earnings of $3.86 per share, beating the Zacks Consensus Estimate of $3.49 per share. This compares to earnings of $3.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.60%. A quarter ago, it was expected that this package delivery company would post earnings of $4.14 per share when it actually produced earnings of $3.99, delivering a surprise of -3.62%.Over the last four quarters, the co ...

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, ...

Exhibit 99.1 FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86 Operating Income Up 19% Year Over Year; Up 16% on an Adjusted Basis Reduces Capital Spending Forecast Plans Additional $500 Million Share Repurchase in Fourth Quarter Board of Directors Authorizes New $5 Billion Share Repurchase Program Narrows Full-Year Earnings Outlook Range MEMPHIS, Tenn., March 21, 2024 ... FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the third quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED February 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO__________ Commission File Number: 1-15829 FedEx Corporation (Exact name of registrant as specified in its charter) Delaware 62-1721435 (State or other j ...