Shares of FedEx were down 4% afterhours on Tuesday following the release of its fourth-quarter and full-year financial results.
The company reported $21.9 billion of revenue, off consensus estimates above $22.5 billion , according to FactSet. Earnings beat analysts’ expectations of $4.85 per share, coming in at $4.94.
FedEx said it was unable to provide an estimate for fiscal 2024 earnings due to an inability “to forecast the mark-to-market retirement plans accounting adjustments.” FedEx is forecasting low-single-digit-percent revenue growth for the year.
Source: finance.yahoo.com
Related posts:
‘The stress is killing me’: I’m 73 and crumbling under $200,000 in debt — and I have no savings. Can...
Collect $2,000 in Dividends Per Year by Investing $35,000 in These 3 Stocks
Will the stock market be open on Columbus Day?
Warren Buffett saw inflation coming early on — 8 tips to help you come out ahead
Wall Street's 2022 outlook for stocks