FedEx Stock Jumps on Better-Than-Expected Earnings Driven By Cost Cutting
FedEx (FDX) reported better-than-expected quarterly earnings on Tuesday, sending shares of the parcel deliver company sharply higher in extended trading.
FedEx shares jump after hours as massive cost-cutting measures kick in
The company reported revenue and earnings beats and a drop in capital spending on Tuesday for its fiscal fourth quarter. FedEx is in the midst of a $4 billion cost-cutting effort, including the consolidation of its air and ground shipping businesses.
FedEx shares surge post-earnings as DRIVE plan boosts profitability
FedEx Corp (NYSE:FDX, ETR:FDX) shares jumped afterhours as the parcel delivery firm's fiscal fourth quarter and full-year earnings impressed, showing that its DRIVE cost savings plan is improving profitability. For fiscal 2024, adjusted earnings per share (EPS) of $17.80 topped estimates of $17.76 while revenue of $87.7 million matched expectations.
FedEx Q4 Earnings Highlights: Shares Surge On Revenue Beat, Guidance, $2.5-Billion Buyback, Freight Strategic Review
Logistics company FedEx Corporation FDX reported fourth-quarter financial results after the market close Tuesday.
Case-Shiller Home Prices Cooling; FedEx After the Close
April home prices came down slightly to +6.3% according to Case-Shiller data. FedEx is expected to fetch +8% earnings growth.
Key Economic Data to Deluge Market This week
Key Economic Data to Deluge Market This week.
PCE, Housing, Earnings to Inform Trading Week
Reports this week will help inform the Fed on how to adjust inflation rates in the (near?) future.
Is the Options Market Predicting a Spike in FedEx (FDX) Stock?
Investors need to pay close attention to FedEx (FDX) stock based on the movements in the options market lately.
How To Earn $500 A Month From FedEx Stock Ahead Of Q4 Earnings
FedEx Corporation FDX will release its fourth quarter financial results, after the closing bell on Tuesday.
FedEx Earnings Preview: Stock's Cheap On Forward P/E And 5% Free Cash Flow Yield Basis
The Street is seeing the first expected, positive yoy growth since mid-22 for FedEx's revenue, operating income, and earnings per share when the company reports its Q4 2024 earnings this week. CEO Raj Subramaniam in the last 18 months has said that FedEx's goal is for consistent (within reason) 10% operating margin over time, but I think Raj and the FedEx management team will have to do better than that for shareholders. The US and the rest of the world are returning to a more normal ecommerce and freight delivery market the last 24 months, and FedEx will be greatly served to continue to rationalize margins and push for better efficiencies.
Nike, Micron, FedEx, Carnival, and More Stocks to Watch This Week
The Fed's inflation measure is expected to be up 2.6% in a year. Earnings from Nike, Carnival, Micron, FedEx, and Walgreens.
3 Dividend Stocks That Recently Raised Their Payouts
Realty Income can be a great source of monthly income for investors, especially with its yield currently beating the S&P 500 average. Target has an impressive track record for dividend growth, as its streak recently hit 53 straight years of increases.
