FedEx (FDX) earnings were just released. Its 2Q revenue came in at $22.20B versus an estimated $22.33B. Its operating income came in at $1.42B and its operating margin came in at 6.4%. George Tsilis and Kevin Green discuss some of FDX’s 2Q highlights including that the cost per package declined 2% and FDX completed a $500M accelerated share repurchase program. Tune in to find out more about the stock market today.
Market On Close
19 Dec 2023
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