FDX - FedEx Stock Is Delivering Gains Wednesday: What's Going On? | Benzinga
FedEx Corp (NYSE:FDX) shares are trading higher Wednesday after the company reported better-than-expected financial results and announced intentions to repurchase billions of its stock.
- Q4 Revenue: $22.1 billion, beat estimates of $22.056 billion
- Q4 EPS: $5.41, beat estimates of $5.37
FedEx Ground operating results increased due to reduced structural costs. FedEx Freight operating results increased due to higher yield and effective cost management. FedEx Express operating results declined primarily due to lower international yields. Overall revenue, operating income and operating margins increased on a year-over-year basis.
“These results are unprecedented in this current environment, reflecting our continued execution of our DRIVE initiatives ...