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FedEx Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal 2025 Outlook Set; Shares Jump After Hours
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FedEx Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal 2025 Outlook Set; Shares Jump After Hours
Jun 25, 2024 2:03 PM

04:32 PM EDT, 06/25/2024 (MT Newswires) -- FedEx ( FDX ) reported fiscal Q4 non-GAAP earnings late Tuesday of $5.41 per diluted share, up from $4.94 a year earlier.

Analysts polled by Capital IQ expected $5.37.

Revenue in the quarter ended May 31 rose to $22.1 billion from $21.9 billion a year earlier.

Analysts surveyed by Capital IQ expected $22.06 billion.

The company expects non-GAAP adjusted fiscal 2025 earnings of $20 to $22 a diluted share.

Analysts surveyed by Capital IQ expect $21.14 normalized.

FedEx ( FDX ) expects low- to mid-single-digit percentage growth in fiscal 2025 revenue. Analysts polled by Capital IQ expect $90.5 billion.

Shares of the company jumped 15% in recent after-hours activity.

Price: 295.28, Change: +38.90, Percent Change: +15.17

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