FedEx: Q2 EPS up 25%

(CercleFinance.com) - On Tuesday evening FedEx reported Q2 2023-24 adjusted EPS of $3.
99, up a quarter from $3.18 a year ago, with a non-GAAP operating margin that improved 1.1 point to 6.4% on revenues that fell 2.6% to $22.2bn.

This performance is a clear testament to the progress we are making in our transformation as we navigate an uncertain demand environment, management said.

For FY 2023-24, FedEx confirms its forecast for adjusted EPS of $17 to $18.50, but now expects a low single-digit decline in revenues, rather than roughly flat revenues previously.


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