Summary by Futu AI
FedEx Corporation, known on the New York Stock Exchange as FDX, filed a Form 8-K report with the SEC on September 19, 2024, detailing its financial results for the fiscal quarter ending August 31, 2024. The report highlighted a first-quarter diluted EPS of $3.21 and an adjusted diluted EPS of $3.60. FedEx also announced the completion of a $1 billion share repurchase during the quarter and narrowed its full-year fiscal 2025 earnings outlook range. The company reported a slight decrease in revenue from $21.7 billion in fiscal 2024 to $21.6 billion in fiscal 2025. Operating income also declined from $1.59 billion to $1.21 billion, and net income decreased from $1.16 billion to $0.89 billion. FedEx cited a mix shift towards deferred services, higher operating expenses, and one fewer operating day as factors negatively affecting...Show More