FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
245d ago
Business
CNBC
FedEx exceeded earnings expectations this quarter, announcing the successful achievement of its $4 billion cost-reduction target. The company projects an additional $1 billion in cost savings for the next fiscal year. This announcement comes as FedEx navigates a challenging economic environment, focusing on streamlining operations and improving efficiency. The projected cost savings are expected to bolster the company's financial performance and provide flexibility for future investments. Invest