FedEx shares jump after hours as massive cost-cutting measures kick in
FedEx saw its shares surge over 15% in after-hours trading on Tuesday following a strong fiscal fourth-quarter earnings report that exceeded analysts’ expectations. In the quarter ending May 31, the company reported a net income of $1.47 billion, or $5.94 per share, compared to $1.54 billion, or $6.05 per share, in the same period last year. Revenue for the quarter rose slightly to $22.1 billion … Continue reading FedEx shares jump after hours as massive cost-cutting measures kick in
