FedEx Corporation (FDX) unveiled its fiscal 2024 second-quarter results on December 19, 2023. Despite a solid year-over-year increase, the company’s reported earnings per share fell short of street estimates by 5%. In addition, its revenue witnessed a marginal decline compared to the same period last year.
However, in spite of the slight decline in its topline, FDX’s operating income from its Ground and Freight segments experienced impressive 51% and 11% year-over-year increases, respectively, attributed primarily to enhancements in yield, cost reductions and increased volumes.
