FedEx reports very strong FY 2022 and Q4 earnings

FY 2022 full-year revenue—at $84 billion—rose 17.6% annually, and operating income—at $5.86 billion—climbed 46.8% annually.For the fiscal fourth quarter, revenue, at $22.6 billion, rose 23% annually, and operating income—at $1.80 billion—headed up 278%. Earnings per share—$6.88 (topping Wall Street expectations of $5.02 per share)—well outpaced the $1.28 per share recorded a year ago, as well as a $334 million loss.
Source: logistics Mgmt