FedEx Reports Q4 Revenue of $25B, Adjusted EPS $6.31, Confirming Strong Performance
FDX sits 71% above its 52-week low of $174.012.
Summary
FedEx reported Q4 revenue of $25 billion, an approximate 13% year-over-year increase, with adjusted EPS of $6.31. This news provides the specific financial details following yesterday's 8-K which announced strong Q4 results. Growth was primarily driven by higher rates and increased volume in Express and premium parcels. While margins faced pressure from transport and labor costs, the overall results are robust. A minor $23 million non-cash impairment was recorded for retiring 10 aircraft.
At the time of this announcement, FDX was trading at $296.74 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $75.7B. The 52-week trading range was $174.01 to $345.37. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.