In this article FDX Follow your favorite stocks CREATE FREE ACCOUNT A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings and revenue. Here's how the company did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share : $5.
41 adjusted vs. $5.35 expected Revenue: $22.
11 billion vs. $22.07 billion expected The company reported net income for the three-month period that ended May 31 of $1.
47 billion, or $5.94 per share, compared with $1.54 billion, or $6.
05 per share, a year earlier. Revenue rose to $22.1 billion, up slightly from $21.
9 billion a year earlier. For the full fiscal year, revenue was $87.7 billion, down from $90.
2 billion. FedEx reported that capital spending for fiscal 2024 was $5.2 billion, down 16% from $6.
2 billion in fiscal 2023 and less than the $5.7 billion it forecasted in its fiscal 2024 guidance last year. The company guided low-to-mid single-digit percent revenue growth year over year for fiscal 2025, driven in large part by e-commerce and low-inventory levels, FedEx Chief Customer Officer Brie Carere said on the company's earnings call.
"We think e-commerce is going to outpace the B2B growth," Carere said. "We like the fundamentals from an e-commerce perspective t.