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
Jane Roberts has reported in Memphis for more than 20 years. As a senior member of The Daily Memphian staff, she was assigned to the medical beat during the COVID-19 pandemic. She also has done in-depth work on other medical issues facing our community, including shortages of specialists in local hospitals. She covered K-12 education here for years and later the region’s transportation sector, including Memphis International Airport and FedEx Corp.
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