FedEx Earnings Summary: P/E Still Cheap To Growth, Freight Spinoff Adds To Valuation Story
FDXFedEx(FDX) Seeking Alpha·2024-06-28 03:40

Sundry Photography FedEx (NYSE:FDX) reported its fiscal Q4 ’24 earnings results Tuesday night, June 25th, 2024 after the closing bell, and the stock rose $39, or 15%, yesterday, June 26th, on heavy volume as FedEx disclosed on page 2 of the earnings release that “FedEx Freight has announced plans to further optimize its operations and match capacity with demand through planned permanent closure of 7 freight facilities... (further on in the press release), “FedEx management and the Board of Directors are con ...