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Zenger
Zenger
Business
AJ Fabino

MYSTERIOUS: Fedex reports earnings beat in q4 despite revenue shortfall - You Need To See This

FedEx shipping center on June 20, 2023 in San Francisco, California. Shipping giant FedEx reported better-than-expected fourth-quarter earnings with earnings per share of $4.94 from sales of $21.9 billion. JUSTIN SULLIVAN/GETTY IMAGES

FedEx Corp reported on Wednesday an earnings beat for its fourth quarter, even as revenues failed to meet expectations. 

“FedEx earnings of $4.94 per share, beat a $4.89 Street estimate, on revenues of $21.9 billion, which missed a Street estimate of $22.72 billion,” said The Memphis-based express package delivery giant.

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