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2023-09-21 17:43:55
The stock price of FedEx Corp., a major U.S. package delivery company. surge in trading on Wall Street After revealing profits higher than expected
As of 12:30 a.m. Thai time, the FedEx share price rose 5% to $263.05.
FedEx revealed higher-than-expected profits during June-August. which is the 1st quarter of the company’s fiscal year
FedEx reported earnings of $4.55 per share, beating analysts’ expectations of $3.70 per share.
However, the company had revenue of $21.70 billion. This was lower than analysts’ expectations of $21.73 billion.
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