FedEx Beats Expectations, Shares Surge

FedEx delivers strong Q4 results, beating Wall Street expectations with a 6.8% revenue growth and adjusted earnings per share of $4.82, up from $4.11. CEO Raj Subramaniam attributes this to robust U.S. domestic package volumes, cost cuts, and B2B services growth. Despite challenges like weak industrial demand and MD-eleven aircraft grounding, operating margins improved to 5.9% from 4.8% last year. FedEx plans to focus on Network 2.0 upgrades, freight recovery, and business/healthcare segments. Shares surged to $295.25 post-earnings, reflecting investor confidence in the companys resilience.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.