5 Stocks On Investors’ Radar After Posting Their Financial Results

3. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 49

Shares of FedEx Corporation (NYSE:FDX) rose more than six percent in the pre-market trading session on Friday, December 17, 2021, after delivering impressive financial results for its fiscal second quarter.

FedEx Corporation (NYSE:FDX) earned $4.83 per share, unchanged from last year and above the consensus forecast of $4.28 per share. Revenue for the quarter rose 14 percent on a year-over-year basis to $23.5 billion, partly driven by increased home deliveries. Analysts were looking for revenue of $22.41 billion.

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The company also lifted its profit outlook for the full year. FedEx Corporation (NYSE:FDX) now expects adjusted earnings in the range of $20.50 per share – $21.50 per share, compared to its previous guidance of $19.75 – $21 per share.

Commenting on the quarter, CFO of FedEx Corporation (NYSE:FDX), Michael C. Lenz, said:

“FedEx operating income grew in our second quarter, driven by strong revenue growth and effective management of our cost and expected labor availability challenges.”