- Shares knee-jerked lower yesterday evening after the company missed FQ3 estimates by a wide margin, but management painted an optimistic picture on the earnings call (call transcript)
- CEO Fred Smith says he expects ground segment margins of 15%+ in the current quarter, and sees margins, cash flows, and returns as all gaining over the coming years.
- As for Amazon's move into the delivery business .... "Let me just say that Amazon is a longstanding customer of ours," says FedEx's (NYSE:FDX) Raj Subramaniam.
- Shares +2.7% premarket
- Previously: FedEx -3.75% after earnings miss (March 21)