FedEx (FDX) Tops Q3 EPS by 35c, Offers Guidance, Approves $5B Buyback Plan
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FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86
March 21, 2024 4:08 PM EDT
Operating Income Up 19% Year Over Year; Up 16% on an Adjusted Basis
Reduces Capital Spending Forecast
Plans Additional $500 Million Share Repurchase in Fourth Quarter
Board of Directors Authorizes New $5 Billion Share Repurchase Program
Narrows Full-Year Earnings Outlook Range
MEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the third quarter ended February 29 (adjusted measures exclude the items listed below):
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