Reported 11 months ago
FedEx anticipates a profit for fiscal 2025 above Wall Street estimates, with shares soaring by 14.9% in extended trading. The company aims for earnings of $20 to $22 per share, surpassing analysts' expectations of $20.92. FedEx CEO Raj Subramaniam expressed confidence in achieving momentum in fiscal 2025, despite challenges in its Express overnight delivery unit and diminishing gains from operational efficiencies. The company's revenue in the fourth quarter increased to $22.1 billion, slightly beating estimates, while shares saw a 12-month gain of 10% at the close of trading.
Source: YAHOO