FDX Stock Recent News
FDX LATEST HEADLINES
FedEx (FDX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
FedEx stock (NYSE: FDX) recently reported its Q3'24 results (fiscal ends in May), with revenue falling short and earnings exceeding our expectations. The company reported revenue of $21.7 billion and adjusted earnings of $3.86 per share, compared to our estimates of $22.0 billion, and $3.58, respectively.
Here are some of the major companies whose stocks moved on the week's news.
FedEx's (FDX) third-quarter fiscal 2024 earnings improve year over year while revenues decline.
FedEx topped earnings estimates despite weaker-than-expected revenue, a sign that its cost-cutting campaign is showing results. The company expects to trim annual expenses by $4 billion by fiscal 2026.
FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts help boost profits, sending the courier's stock soaring. Simone Foxman reports.
Brandon Oglenski, Barclays senior airlines and transportation analyst, joins 'Squawk Box' to break down FedEx's quarterly earnings results, which beat quarterly earnings expectations in Q3 but fell short on revenue estimates.
Investors got another quarter of success in controlling costs amid falling sales.
Overall, the U.S. economy is clicking and the market is not missing out.
Although the revenue and EPS for FedEx (FDX) give a sense of how its business performed in the quarter ended February 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.