secwatch.observer — SEC 8-K summary
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Issuer:     FEDEX CORP (FDX)
CIK:        0001048911
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0000950170-23-071485
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FedEx Q2 EPS $3.55 GAAP ($3.99 adj); rev $22.2B; FY rev outlook trimmed to down low-single-digit
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- Q2 GAAP diluted EPS $3.55 vs $3.07 YoY; adjusted EPS $3.99 vs $3.18 YoY.
- Revenue $22.2B, down ~2.6% YoY; operating income $1.28B GAAP ($1.42B adj).
- FedEx Ground cost per package down 2%; Freight operating income rose despite lower revenue.
- FY2024 revenue forecast revised to low-single-digit decline from approximately flat.
- FY2024 adjusted EPS outlook reaffirmed $17.00-$18.50; additional $1B share repurchase planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048911/000095017023071485/0000950170-23-071485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048911/000095017023071485/fdx-20231219.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-071485

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