FedEx reported fiscal third-quarter EPS of $5.25 on revenue of $24.0 billion, handily beating expectations; shares rose 2.5% to $363.42. The beat signals stronger-than-expected demand and operational performance for the transportation business and should act as a near-term, stock-specific positive catalyst.
FedEx reported fiscal third-quarter EPS of $5.25 on revenue of $24.0 billion, handily beating expectations; shares rose 2.5% to $363.42. The beat signals stronger-than-expected demand and operational performance for the transportation business and should act as a near-term, stock-specific positive catalyst.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
