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FedEx Stock Soars as Results Much Better Than Feared. That’s a Relief to Everyone.

·3 min read
FedEx Stock Soars as Results Much Better Than Feared. That’s a Relief to Everyone.
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FedEx stock was rising Friday after the company reported fiscal fourth-quarter earnings that matched Wall Street’s expectations and offered guidance that topped analysts’ 2023 fiscal-year projections. The company posted per-share earnings of $5.01 in the fiscal fourth quarter of 2021. The midpoint of that range, $23.50, is more than $1 higher than the Wall Street estimate of about $22.21 a share.