Reported 9 months ago
FedEx reported a fiscal fourth-quarter earnings beat with $21.1 billion in revenue and adjusted earnings of $5.41 per share. The company announced a $2.5 billion share buyback plan, with Analyst Stewart Glickman commenting on the lack of broad macro recovery indicated by FedEx's guidance of low to mid single-digit revenue growth for the next year. The article discusses the possibility of a FedEx Freight spinoff and the company's operating margins, highlighting the challenges faced by the transportation industry amidst struggling volumes. FedEx's cost-cutting efforts and potential spinoff are seen as positive factors driving the stock's performance amid a troubled macroeconomic landscape.
Source: YAHOO