_fedex-shares-soar-as-company-beats-earnings-estimates-and-unveils-362-5-billion-buyback-plan.jpg "FedEx Shares Soar as Company Beats Earnings Estimates and Unveils $2.5 Billion Buyback Plan from fedex Video Screenshot Preview")
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✓ Published: 28-Jun-2024
👁 View: 420K times
✓ Published: 28-Jun-2024
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FedEx stock surged Wednesday after the company beat fiscal fourth-quarter earnings estimates and announced a $2.5 billion share buyback plan. The company also raised its full-year 2025 guidance, further boosting investor confidence. FedEx is evaluating its freight segment and the success of cost-cutting initiatives, which have contributed to its positive financial performance. Analysts welcomed the company's plans to assess the role of its freight unit and explore steps to enhance shareholder value. The review is expected to be completed by the end of the year, amid ongoing efficiency improvements.
FedEx stock surged Wednesday after the company beat fiscal fourth-quarter earnings estimates and announced a $2.5 billion share buyback plan. The company also raised its full-year 2025 guidance, further boosting investor confidence. FedEx is evaluating its freight segment and the success of cost-cutting initiatives, which have contributed to its positive financial performance. Analysts welcomed the company's plans to assess the role of its freight unit and explore steps to enhance shareholder value. The review is expected to be completed by the end of the year, amid ongoing efficiency improvements.
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_on-the-road-with-fedex-service-provider-in-new-mexico.webp "FedEx")
_help-business-blossom-with-custom-prints-from-fedex-office.webp "FedEx")
_fedex-beats-analyst-estimates-with-strong-q4-earnings-and-revenue-on-track-to-achieve-364-billion-cost-cutting-goal-by-2.webp "FedEx reported earnings and revenue that beat analyst estimates for its fiscal fourth quarter of 2024. FedEx expects low to mid-single-digit revenue growth in 2025, driven by e-commerce and low inventory levels. The company is on track to achieve its $4 billion cost-cutting goal by 2025 through consolidation and other measures. FedEx's Express segment margins remained flat, but the operating margin improved slightly for the year. Losing the USPS contract is expected to result in a $500 million headwind for FedEx in fiscal 2025. FedEx raised its quarterly dividend by 10% and expects continued margin improvement from consolidating delivery segments. Shares were up 15% after-hours on Tuesday.")
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