Company Of The Day: FedEx

+10.09%
Upside
267
Market
294
Trefis
FDX: FedEx logo
FDX
FedEx

What?

FedEx (NYSE:FDX) reported a stronger than expected set of Q4 FY’21 results, with revenue rising 30% year-over-year to $22.6 billion. Adjusted EPS almost doubled to $5 per share.

Why?

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Growth was driven by a surge in demand for e-commerce package deliveries through Covid-19 and price increases.

So What?

However, FedEx stock has declined post the earnings publication, as the company said that it expects capital expenditures to jump by over 20% during FY’22 as it looks to ramp up capacity and efficiency.

See Our Complete Analysis For FedEx

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