Shares of FedEx FDX fell in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share rose 98.02% year over year to $5.01, which beat the estimate of $4.99.
Revenue of $22,565,000,000 higher by 29.68% year over year, which beat the estimate of $21,510,000,000.
Outlook
FedEx Sees FY22 EPS Before Mark-To-Market Retirement Plan Account Adjustments, Excluding Estimated TNT Expense Costs $20.50-$21.50 vs $20.37 Estimate
Details Of The Call
Date: Jun 24, 2021
Time: 05:00 PM
Technicals
Company's 52-week high was at $319.90
Company's 52-week low was at $129.28
Price action over last quarter: Up 4.40%
Company Profile
FedEx pioneered overnight delivery in 1973 and remains the world's largest "express" package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight; its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth- largest global parcel-delivery provider.
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