FedEx Corp
FDX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$598.00 | Cyltk | Jrhkpmfl |
FedEx Earnings: Margins Show Additional Progress, but International Yields Disappoint
FedEx's fiscal fourth-quarter (ended May) revenue fell 10% year over year as volumes continued to decline across all segments, while express yields flipped negative on tough comparisons, as well as excess airfreight-industry capacity and unfavorable mix for international export business. Revenue came in shy of our expectations because of worse-than-expected yield declines at express and a sizable drop in freight (LTL segment) volumes.