FedEx fiscal fourth-quarter earnings topped Wall Street estimates, and the company said profit is expected to grow this year. The results indicate its cost-cutting efforts are gaining traction, supporting a more constructive outlook for the courier. The article is largely an earnings-and-guidance update, with commentary from Third Bridge's Peter McNally on Bloomberg.
FedEx fiscal fourth-quarter earnings topped Wall Street estimates, and the company said profit is expected to grow this year. The results indicate its cost-cutting efforts are gaining traction, supporting a more constructive outlook for the courier. The article is largely an earnings-and-guidance update, with commentary from Third Bridge's Peter McNally on Bloomberg.
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