[Sticky] FedEx Exceeds Expectations: Promises Strong Growth Ahead
Topic starter
26/06/2024 4:20 am
Hey, did you catch FedEx's latest news? They just wrapped up their fiscal year with better-than-expected earnings! Their fourth-quarter earnings per share hit $5.41, beating predictions, and their revenue was up slightly at $22.1 billion. Even though overall yearly revenue dipped a bit, their earnings per share climbed 19% to $17.80. Their CEO is pretty optimistic, saying they ended the year strong and expect this momentum to carry into 2025, with projected earnings of $20 to $22 per share. They’re also planning to buy back $2.5 billion in stock, so things are looking up for them!
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