Company news: FedEx (FDX) quarterly results top analysts’ estimates

FedEx (FDX) reported Q4 FY2024 earnings of $5.41 per share (versus $4.94 per share in Q4 FY2023), beating analysts’ consensus estimate of $5.34 per share.

The company’s quarterly revenues amounted to $22.109 bln (+0.8% y/y), slightly beating analysts’ consensus estimate of $22.043 bln.

The company also issued in-line guidance for FY2025, seeing EPS of $20.00-22.00 versus analysts’ consensus estimate of $20.92 and revenues growing low-to-mid single-digits y/y versus analysts’ consensus estimate of +3.2% y/y or $90.47 bln.

FDX rose to $291.80 (+13.82%) in pre-market trading.