FDX - Why FedEx Stock Is On The Move Thursday | Benzinga
FedEx Corp (NYSE: FDX) shares are trading higher Thursday after the company reported mixed financial results and raised its earnings outlook. Multiple analysts lifted price targets following the print.
What Happened: FedEx reported first-quarter revenue of $21.7 billion, which missed the consensus estimate of $21.81 billion, according to Benzinga Pro. The company reported quarterly earnings of $4.55 per share, which beat analyst estimates of $3.74 per share.
FedEx said its results were primarily driven by its DRIVE program initiative and ...