FedEx Shares Surge 15% After Impressive Q4 Financial Results

FedEx shares surged over 15% in after-hours trading following impressive financial results for its fiscal fourth quarter. The company exceeded analysts’ expectations in earnings and revenue, reporting a net income of $1.47 billion and revenue of $22.1 billion. FedEx anticipates revenue growth for fiscal 2025 and aims for a $2.2 billion reduction in costs, part of its DRIVE transformation program.