FedEx

FedEx now expects adjusted earnings per share of $18 to $18.60 and forecasts revenue growth of 12% for the current year, one percentage point higher than previously. In the third quarter revenue rose 12% to $22.9 billion, but net income fell by about two-thirds to $290 million, weighed down by restructuring costs outside the U.S. The company plans, among other measures, to sell its freight division and is grappling with inflation-driven costs, while the share price swung sharply in after-hours trading. Analysts see the figures as a positive signal for the upcoming peak season in the final quarter, from which competitors like UPS and DHL could also benefit. » Altro su finanzen.net

FedEx forecasts adjusted earnings per share of $18 to $18.60 and expects revenue to grow by 12%, one percentage point higher than previously. In the third quarter revenue rose 12% to $22.9 billion, but net income fell by about two-thirds to $290 million, partly due to restructuring costs outside the US. The company is considering, among other options, a sale of its freight unit and is struggling with inflation-driven higher costs that can only be partly passed on through fuel surcharges. After the results were released the stock initially fell sharply in after-hours trading. » Altro su finanzen.net

FedEx reported Q1 revenue of $22.86 billion, up 12% year over year, and adjusted EPS of $3.74, beating expectations. For the October–December peak quarter the company guided to a midpoint of $6.33 per share, below consensus, citing higher purchased transportation costs and fuel that will weigh on domestic margins. Management said international margins should expand in the holiday quarter, reiterated plans to expand Network 2.0 optimization, and expects domestic margin improvement in 2027. The company repurchased $2 billion of stock in the quarter, has $4.3 billion remaining, and reiterated a positive long-term view and price target of $380. » Altro su cnbc.com