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
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
CarMax (KMX) Q3 2026 earnings drop on lower sales; results beat estimates
Used car retailer CarMax, Inc. (NYSE: KMX) on Thursday reported a decline in earnings for the third quarter of fiscal 2026, hurt by lower sales. However, both revenues and earnings
ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results
Accenture (NYSE: ACN) reported its first quarter 2026 earnings results today. Revenues of $18.7 billion increased 6% in US dollars and 5% in local currency compared to the same period a
