What To Expect From FedEx's Q2 FY2024 Earnings Report
FedEx Inc. is scheduled to report earnings after Tuesday’s close. Here is a closer look at the stock's earnings.
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FedEx Inc. is scheduled to report earnings after Tuesday’s close. Here is a closer look at the stock's earnings.
Operating income in FedEx's Ground division jumped 59% for the quarter ended Aug. 31. That unit benefited from UPS customers shifting packages to alternate carriers ahead of the Aug. 1 expiration of its contract covering about 340,000 United Brotherhood of Teamsters-represented workers.
The sentiment-linked Australian Dollar climbed alongside the S&P 500 as an improvement in risk appetite boosted markets, driven by rosy Nike earnings and US consumer confidence data.
The company reported that earnings per share fell 21.3% for the quarter ended Aug. 31, in line with the warning it delivered last week
FedEx shares have underperformed this year and things are set to remain challenging over the coming months as it battles against rising costs and disruption.