FedEx Earnings Were Strong. Cost Cuts and Shipment Volume Helped.
Market Intelligence Analysis
AI-PoweredFedEx reported strong Q2 earnings, with adjusted EPS of $4.82 and sales of $23.5 billion, driven by cost cuts and shipment volume growth, according to CEO Raj Subramaniam.
Market impact analysis based on bullish sentiment with 88% confidence.
Article Context
A lot is going on at FedEx so the stakes were high for its second-quarter results, reported Thursday evening. For the fiscal second quarter, FedEx reported adjusted earnings per share of $4.82 from sales of $23.5 billion. “FedEx delivered an outstanding second quarter as we successfully executed our growth strategy and advanced our network transformation, while navigating a highly challenging external environment,” said Raj Subramaniam, FedEx CEO, in a news release.
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