FedEx shares shoot up 14% with optimism on earnings call
“This is a very strong result in a year where revenue was down 3% or nearly $2.5 billion,” said Raj Subramaniam, center, FedEx president and CEO. Subramaniam talks with guests at Memphis International Airport. (Patrick Lantrip/The Daily Memphian file)
The company returned nearly $4 billion to stockholders as it met its goal to trim $1.8 billion in operating expenses, including $500 million in the Express division.
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FedEx Q4 earningsJane Roberts
Longtime journalist Jane Roberts is a Minnesotan by birth and a Memphian by choice. She's lived and reported in the city more than two decades. She covers business news and features for The Daily Memphian.
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