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:
Harley-Davidson raises dividend to 16.50 cents
Metals Will Be The Oil Of The Future
Warren Buffett Is Betting Nearly $35 Billion That This Conventional Wisdom Is Wrong
Here’s one reason the stock market is selling off in the final hour of trade: ‘We’ve shifted from bu...
If You'd Invested $10,000 in Berkshire Hathaway Stock 10 Years Ago, Here's How Much You'd Have Today