We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
FedEx Corp | NYSE:FDX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.38 | -0.53% | 260.65 | 265.57 | 259.845 | 263.50 | 1,085,245 | 01:00:00 |
By Ben Glickman
FedEx reported higher profit in the fiscal second quarter as weaker demand continued to pressure revenue.
The Memphis, Tenn.-based package-shipping company posted a profit of $900 million, or $3.55 a share, in the quarter ended Nov. 30, compared with $788 million, or $3.07 a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $3.97.
Stripping out certain one-time items, adjusted per-share earnings came to $3.99, below the $4.19 forecast by analysts, according to FactSet.
Revenue fell to $22.2 billion from $22.8 billion a year earlier, missing the $22.36 billion expected by analysts polled by FactSet.
The company has been looking to cut costs as it merges its Ground and Express units.
Chief Executive Raj Subramaniam said the company's results showed "clear evidence of the progress we are making on our transformation as we navigate an uncertain demand environment."
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
December 19, 2023 16:28 ET (21:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year FedEx Chart |
1 Month FedEx Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions