Before the opening bell on Wednesday morning, FedEx Corporation (FDX
) reported its fourth quarter results, posting higher revenue and earnings than last year’s fourth quarter.
FDX’s Earnings in Brief
FedEx reported fourth quarter revenues of $11.8 billion, which are above last year’s Q4 revenues of $11.4 billion. Net income for the quarter came in at $730 million, up from last year’s net income of $679 million for Q4. The company's diluted EPS for the quarter came in at $2.46, up significantly over last year’s $2.13. FDX’s results beat analysts’ estimates of $2.36 EPS on revenues of $11.66 billion. For the full year, FDX reported revenue of $45.6 billion and EPS of $6.75.CEO Commentary
FDX chairman, president, and CEO Frederick W. Smith had the following comments: "An outstanding fourth quarter helped FedEx post solid results for fiscal 2014, and we believe we are well positioned for a strong fiscal 2015. I would like to extend my sincere appreciation to the entire FedEx team for their contribution to our results and their continued commitment to providing outstanding service to our customers and connecting people and possibilities around the world."
FDX’s Dividend
FedEx recently raised its quarterly dividend from 15 cents to 20 cents. The company’s next dividend is payable on July 3, and the stock went ex-dividend on June 17.
Stock Performance
FDX stock was up $5.19, or 3.7%, in pre-market trading. YTD, the company’s stock is up 0.39%.
FDX Dividend SnapshotAs of Market Close on June 17, 2014
Click here to see the complete history of FDX dividends.
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