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AJ Fabino

FedEx Reports Earnings Beat In Q4 Despite Revenue Shortfall

FedEx Raj Subramaniam FedEx Corp

FedEx shipping center on June 20, 2023 in San Francisco, California. Shipping giant FedEx reported better-than-expected fourth-quarter earnings with earnings per share of $4.94 from sales of $21.9 billion. JUSTIN SULLIVAN/GETTY IMAGES

FedEx Corp reported on Wednesday an earnings beat for its fourth quarter, even as revenues failed to meet expectations.

“FedEx earnings of $4.94 per share, beat a $4.89 Street estimate, on revenues of $21.9 billion, which missed a Street estimate of $22.72 billion,” said The Memphis-based express package delivery giant.

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