Fedex Corp

NYSE:FDX   2:45:29 PM EDT
149.04
+4.09 (+2.82%)
Other Pre-Announcement

FedEx Corp. Reports First Quarter Results

Published: 09/22/2022 18:54 GMT
Fedex Corp (FDX) - Fedex Corp - Announces Program to Accelerate Progress Towards $4.0 Billion Cost Savings by 2025.
Fedex Corp Qtrly Diluted EPS $3.33.
Fedex Corp Qtrly Revenue $23.2 Billion.
Fedex Corp - Sees Second Quarter Fiscal 2023 Earnings per Diluted Share of $2.65 Or Greater.
Fedex Corp - Sees Second Quarter Fiscal 2023 Revenue of $23.5 to $24.0 Billion.
Fedex Corp- in Order to Align Fiscal 2023 Costs With Demand Due to a Weaker-than-expected Business Environment, Co is Prioritizing Actions to Quickly Reduce Costs.
Fedex - Q1 Operating Results Were Adversely Impacted by Global Volume Softness That Accelerated in Final Weeks of Quarter Due to Weakening Economic Conditions.
Fedex Corp - Prioritizing Actions to Quickly Reduce Costs.
Fedex - Sees Q2 Fiscal 2023 EPS Excluding Costs Related to Business Optimization Initiatives & Business Realignment Activities of $2.75 Or Greater.
Fedex Corp Qtrly Results Were Negatively Affected by Service Challenges at Fedex Express.
Fedex Corp- in Fiscal 2023, the Company Expects to Generate Total Cost Savings of $2.2-2.7 Billion.
Fedex Corp - Anticipated Capital Spending for Fiscal Year 2023 of $6.3 Billion.
Fedex - Sees Repurchase of $1.5 Billion of Fedex Common Stock During Fiscal 2023.
Fedex Corp - Qtrly Adjusted Earnings per Share $3.44.
Fedex Corp - in Q1, Realized About $300 Million of Cost Savings and Expects to Realize About $700 Million in Savings in Q2.