|Bid||217.70 x 1800|
|Ask||219.99 x 1000|
|Day's range||218.52 - 226.05|
|52-week range||141.92 - 248.76|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||15.29|
|Earnings date||16 Mar 2023|
|Forward dividend & yield||4.60 (2.36%)|
|Ex-dividend date||10 Mar 2023|
|1y target est||209.81|
For its fiscal third quarter, FedEx reported a decline in revenue and earnings as the shipping company struggles with a slowdown in its business. Shares of FedEx (NYSE: FDX) rose about 8% as investors digested the company's earnings report. The Street's optimism for FedEx stock in the face of slowing sales comes down to the company's cost-cutting efforts.
The Yahoo Finance Live team discusses the jump in FedEx's stock after the company raised its 2023 outlook.
FedEx (NYSE: FDX) reported quarterly earnings that came in well ahead of expectations, and boosted its full-year guidance. Investors are glad that the company delivered, sending shares of FedEx up as much as 10% on Friday. FedEx was one of the first major companies to issue a warning about the economy last fall.