.September 19, 2024 at 7:00:04 PM

In summary, FedEx Corporation reported a revenue of $21.58 billion, falling short of the expected $21.97 billion. The company’s quarterly earnings were $3.60 per share, below the Zacks Consensus Estimate of $4.82 per share. This led to a significant drop in FedEx’s stock price during extended trading. The company also revised its full-year outlook downwards, causing concern among investors and analysts. Despite a relatively optimistic price-to-earnings ratio, other valuation metrics like earnings yield and price-to-sales ratio paint a more nuanced picture of FedEx’s financial health post-earnings report.