FedEx Earnings Beat with Tariff Headwinds

about 1 month ago

Bailey Lipschelts

"Yeah, I want to start with FedEx, ticker FDX. Stock up just about 3% right now. This comes after the company reported earnings that were better than expected and the fact that it maintained its full year sales and profit outlook. The big question mark, though, has been the impact of tariffs. The company noting that they expect a $1 billion hit from trade volatility this year."

FedEx (FDX) delivered better-than-expected earnings and maintained its full year outlook despite caution regarding a $1 billion tariff hit. The domestic business is performing well, contributing to a rebound from lows near $200 to current levels around $233.

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