FedEx FDX reported a rise in its fiscal first-quarter profit.
FedEx's quarterly profit surged to $489 million, or $1.53 per share, versus a year-ago profit of $459 million, or $1.45 per share.
Its revenue gained 2% to $11 billion from $10.8 billion. However, analysts were estimating earnings of $1.50 per share on revenue of $11 billion.
FedEx shares gained 2.21% to $113.13 in pre-market trading.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in