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Benzinga
  • 2 years ago
FedEx stock surged Wednesday after the company beat fiscal fourth-quarter earnings estimates and announced a $2.5 billion share buyback plan. The company also raised its full-year 2025 guidance, further boosting investor confidence. FedEx is evaluating its freight segment and the success of cost-cutting initiatives, which have contributed to its positive financial performance. Analysts welcomed the company's plans to assess the role of its freight unit and explore steps to enhance shareholder value. The review is expected to be completed by the end of the year, amid ongoing efficiency improvements.
Transcript
00:00It's Benzinga and here's what's on the block.
00:02FedEx shares surged on Wednesday after the company beat fiscal fourth-quarter
00:06earnings estimates and announced a $2.5 billion share buyback plan.
00:11The company also raised its full-year 2025 guidance, further boosting investor confidence.
00:16FedEx is evaluating its freight segment and the success of cost-cutting initiatives,
00:21which have contributed to its positive financial performance.
00:24Analysts welcomed the company's plans to assess the role of its freight
00:27unit and explore steps to enhance shareholder value.
00:30The review is expected to be complete by the end of the year amid ongoing efficiency improvements.
00:34For all things money, visit Benzinga.com.
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