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FDX FedEx Corp

259.32
0.00 (0.00%)
Pre Market
Last Updated: 12:17:07
Delayed by 15 minutes
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
  0.00 0.00% 259.32 6 12:17:07

Trending: FedEx Working to Reduce Costs

21/12/2022 7:09pm

Dow Jones News


FedEx (NYSE:FDX)
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1337 EST -- FedEx Corp. is one of the most talked-about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The company reported second-quarter earnings after the bell Tuesday, and said it was "prioritizing actions to quickly reduce costs in order to align fiscal 2023 costs with weaker-than-expected volume." FedEx said it now expects to generate total fiscal 2023 cost savings of about $3.7 billion relative to its initial fiscal 2023 business plan. The company reported second-quarter earnings per share of $3.07 on revenue of $22.8 billion. In the year-ago period, FedEx reported EPS of $3.88 on revenue of $23.5 billion. Dow Jones & Co. owns Factiva. (stephen.nakrosis@wsj.com)

 

(END) Dow Jones Newswires

December 21, 2022 13:54 ET (18:54 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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