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Benzinga
Benzinga
Business
Wayne Duggan

3 FedEx Analysts React To Mixed Q4 Earnings: 'Analyst Day Anticipation Building'

FedEx Analyst Day FDX FedEx Corporation Ken Hoexter Patrick Tyler Brown Bank of America Keybanc Raymond James

FedEx Corporation (NYSE:FDX) shares traded higher by 7% on Friday after the conglomerate reported fiscal fourth-quarter earnings that were better than analysts had feared.

On Thursday, FedEx reported fourth-quarter adjusted EPS of $6.87, in-line with consensus analyst estimates. Revenue for the quarter was $24.4 billion, missing Wall Street expectations of $24.57 billion. Revenue was up 7.9% from a year ago.

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