SEEKING ALPHA reports:
Fueled by cost savings in its Express business and improved FQ3 margins, FedEx (NYSE:FDX) shares rallied afterhours to their highest level since July 2021.
With the Street focused on the performance of the FedEx Express segment after a disappointing FQ2, investors breathed a sigh of relief when the Express segment reported an operating margin of 2.5%, 150 basis points better than what the Street expected, and 80 basis points better …
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