From NASDAQ:

FedEx Corporation announced their third-quarter earnings for fiscal year 2024, with a 16% improvement in adjusted operating income and expanded margins despite a 2% revenue decline. The company’s transformation initiatives have led to operating income growth, margin expansion, and earnings per share improvements across their Ground and Express segments. Express business faces challenges from evolving service mix and global trade weakness, but their Tricolor strategy aims to enhance network utilization. FedEx remains focused on driving profitability through cost savings and structural adjustments. Despite revenue declines, the company expects adjusted earnings to surpass expectations for the year.



Read more at NASDAQ: FedEx (FDX) Q3 2024 Earnings Call Transcript