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
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