Categories AlphaGraphs, Earnings, Other Industries
FedEx (FDX) Q4 2023 adjusted profit drops on lower revenues
Cargo giant FedEx Corporation (NYSE: FDX) Tuesday reported a decline in fourth-quarter adjusted earnings, hurt by a 10% dip in revenues.
Net income, adjusted for special items, dropped to $4.94 per share in the most recent quarter from $6.87 per share in the year-ago period. Unadjusted profit, meanwhile, rose sharply to $1.54 billion or $6.05 per share from $558 million or $2.13 per share a year earlier.
Total revenues decreased 10% year-over-year to $21.9 billion during the three-month period. The company said that all FedEx Ground operations and personnel in Canada would transition to Federal Express Canada starting in April 2024.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
