Previous close | 204.05 |
Open | 226.05 |
Bid | 217.70 x 1800 |
Ask | 219.99 x 1000 |
Day's range | 218.52 - 226.05 |
52-week range | 141.92 - 248.76 |
Volume | |
Avg. volume | 2,211,905 |
Market cap | 55.375B |
Beta (5Y monthly) | 1.32 |
PE ratio (TTM) | 15.29 |
EPS (TTM) | 14.41 |
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.