The 1 Number FedEx Investors Need to Follow
FedEx (NYSE: FDX) delivered a set of fiscal fourth-quarter earnings on Tuesday that exceeded analysts' expectations, and that should be enough to take the stock higher in the near term. The delivery services giant's earnings are still being negatively impacted by the COVID-19 pandemic, but there are some signs of underlying improvement in its business overall. It was a somewhat complicated report, so let's take a closer look at what it reveals about the company, and focus in on the key metric that investors need to be watching from here.
Investors could be forgiven for being confused by the headline numbers from the report for fiscal Q4, which ended May 31. After all, FedEx's overall revenue was only down 3% year over year, but operating income was down a whopping 64%. However, the numbers need to be put into context.
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Source Fool.com
