) reported fourth quarter earnings that topped Wall Street expectations. The shipping giant reported adjusted earnings of $5.41 per share compared to an estimate of $5.34. Revenue of $21.1 billion was in line with estimates.
And they are seeing a 9% gain here in, uh, just as we see the the first blush reaction to those numbers, Um, also, we we got the statement here from from the company as well.I mean, is it why why you gotta look at FedEx even more broadly, You know, obviously we we are looking at as a kind of economic bellwether.
So, um, this looks like a bit of a relief for investors up almost 10% here in the after hours drive any any, um, views takes on FedEx here or transports more broadly.And I think what you're seeing is two or three things going on here first. And I think that you're again cost cutting, getting, you know, that whole margin expansion thing we're talking about.How long you know FedEx talking about continuing to try to get costs in order, get new discipline here not just for FedEx, but more broadly for companies.Or do you think that that cost discipline is here to stay for a while?
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