US logistics and delivery company FedEx $FDX has released its quarterly results. Investors were pleased with the year-on-year growth in operating profit, which rose mainly due to lower fuel costs.
Financial results
The company generated revenue of $21.681 billion in 1Q fiscal 2024. This is a year-on-year decrease of 7%. The company's revenue is contributed by 3 segments, namely... Read more
FedEx $FDX reported results for the second quarter of fiscal year 2023.
Results:
The company reported higher earnings per share of $4.23 (GAAP) and adjusted earnings per share of $4.55 (non-GAAP) compared to $3.33 and $3.44, respectively, in the same period last year. Revenues were $21.7 billion, down $1.5 billion year-over-year.
Operating profit rose to USD 1.49 billion from USD... Read more
Lovely Monday, $FDX will be presenting this week, I'm curious to see if the company lives up to expectations and if so, if it shoots it up a bit. What do you think?
I don't know this company very well. However, I will check it out and if the stock drops significantly, I would probably buy a little bit.