S&P 500 ^GSPC
5,123.41
-1.46%
Nvidia NVDA
$881.95
-2.67%
Meta META
$511.90
-2.15%
Tesla TSLA
$171.05
-2.03%
Amazon AMZN
$186.13
-1.54%
Microsoft MSFT
$421.90
-1.41%
Alphabet GOOG
$159.19
-1.00%
Apple AAPL
$176.55
+0.86%

FedEx $FDX-1.6% reported results for the second quarter of fiscal year 2023.

Results:

The company reported higher earnings per share of $4.23 (GAAP) and adjusted earnings per share of $4.55 (non-GAAP) compared to $3.33 and $3.44, respectively, in the same period last year. Revenues were $21.7 billion, down $1.5 billion year-over-year.

Operating profit rose to USD 1.49 billion from USD 1.19 billion a year ago. Operating margin increased to 6.8% from 5.1%. Operating profit growth was driven primarily by the FedEx Ground division, where operating profit rose 59% due to improved revenue and cost reductions. Conversely, revenue was down 9%, but this was more than offset by cost savings.

FDX
$267.80 -$4.38 -1.61%
Capital Structure
Market Cap
65.9B
Enterpr. Val.
97.7B
Valuation
P/E
15.4
P/S
0.8
Dividends
Yield
1.9%
Payout
28.2%

Great, thanks for the recap. The stock is rising nicely.

It's a pleasure :)

A dal makes you happy and now even comes with automation

The stock is reacting very positively to this, so investors are probably quite pleased😉

Yes :)