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Is FedEx a Buy Despite Its Earnings Miss?

·4 min read
Is FedEx a Buy Despite Its Earnings Miss?
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Package delivery kingpin FedEx (NYSE: FDX) reported its first-quarter fiscal year 2022 earnings on Tuesday, notching $22 billion in revenue and $4.37 in diluted earnings per share. FedEx's stock price proceeded to tumble around 9% on Wednesday, turning the company's year-to-date performance from positive to negative. FedEx may have missed expectations, but its results are still excellent when viewed in the context of a multi-year period.