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.
Growth was driven by a surge in demand for e-commerce package deliveries through Covid-19 and price increases.
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.
Looking for a balanced portfolio to invest in? Here’s a high-quality portfolio to beat the market, with over 150% return since 2016, versus 85% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.