FedEx (FDX) Q4 Earnings Surpass Estimates, Revenues Lag

FedEx Corporation’s (FDX) fourth-quarter fiscal 2024 earnings per share (EPS) (excluding 53 cents from non-recurring items) of $5.41 beat the Zacks Consensus Estimate of$5.34 and improved 9.5% year over year.Revenues of $22.109 billion fell short of the Zacks Consensus Estimate of$22.115 billion but grew 0.8% from the year-ago quarter’s reported figure.Operating income, on a reported basis, increased 3% to $1.555 billion from the year-ago quarter’s reported number. Operating margin improved to 7.0% from 6 ...