FedEx 2Q Profit Rises Despite Continued Demand Woes
19 Diciembre 2023 - 3:43PM
Noticias Dow Jones
By Ben Glickman
FedEx reported higher profit in the fiscal second quarter as
weaker demand continued to pressure revenue.
The Memphis, Tenn.-based package-shipping company posted a
profit of $900 million, or $3.55 a share, in the quarter ended Nov.
30, compared with $788 million, or $3.07 a share, a year earlier.
Analysts polled by FactSet expected per-share earnings of
$3.97.
Stripping out certain one-time items, adjusted per-share
earnings came to $3.99, below the $4.19 forecast by analysts,
according to FactSet.
Revenue fell to $22.2 billion from $22.8 billion a year earlier,
missing the $22.36 billion expected by analysts polled by
FactSet.
The company has been looking to cut costs as it merges its
Ground and Express units.
Chief Executive Raj Subramaniam said the company's results
showed "clear evidence of the progress we are making on our
transformation as we navigate an uncertain demand environment."
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
December 19, 2023 16:28 ET (21:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
FedEx (NYSE:FDX)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
FedEx (NYSE:FDX)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
