FedEx shares jump after hours as massive cost-cutting measures kick in
FedEx(FDX) CNBC·2024-06-26 06:01
FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings and revenue.Here's how the company did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: $5.41 cents adjusted vs. $5.35 expectedRevenue: $22.11 billion vs. $22.07 billion expectedThe company reported net income for the three-month period that ended May 31 of $1.47 billion, or $5.94 per s ...