FedEx (FDX) surges on Q3 Express margin beat; board approves new buyback plan

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Go back to FedEx (FDX) surges on Q3 Express margin beat; board approves new buyback plan

FedEx (FDX) Tops Q3 EPS by 35c, Offers Guidance, Approves $5B Buyback Plan

March 21, 2024 4:10 PM EDT

FedEx (NYSE: FDX) reported Q3 EPS of $3.86, $0.35 better than the analyst estimate of $3.51. Revenue for the quarter came in at $21.7 billion versus the consensus estimate of $21.97 billion.

Board of Directors Authorizes New $5 Billion Share Repurchase Program

GUIDANCE:

FedEx sees FY2024... More