FedEx (FDX) reported fiscal Q4 non-GAAP earnings late Tuesday of $5.41 per diluted share, up from $4.94 a year earlier. Analysts polled by Capital IQ expected $5.37. Revenue in the quarter ended May 31 rose to $22.1 billion from $21.9 billion a year earlier. Analysts surveyed by Capital IQ expected $22.06 billion. The company expects non-GAAP adjusted fiscal 2025 earnings of $20 to $22 a diluted share. Analysts surveyed by Capital IQ expect $21.14 normalized. FedEx expects low- to mid-single-digit percentage growth in fiscal 2025 revenue. Analysts polled by Capital IQ expect $90.5 billion. Shares of the company jumped 15% in recent after-hours activity.

FedEx said revenue rose in its fiscal fourth quarter and guided for a slight recovery in revenue in the current year amid a review of its freight business. Shares jump 16% to $297 in after-hours trading. The stock has dropped 11% over the past three months. The Memphis, Tenn.-based package-shipping company on Tuesday said its profit for the three months ended May 31 fell to $1.47 billion, or $5.94 a share, from $1.54 billion, or $6.05 a share, for the same period a year earlier. Stripping out one-time items, earnings per share came in at $5.41. Analysts polled by FactSet has forecast adjusted earnings per share of $5.34. Revenue rose 0.9% to $22.1 billion, slightly ahead of analysts expectations of $22.04 billion, according to FactSet. “We expect this momentum to continue in fiscal 2025 as we advance our efforts to create the world’s most flexible, efficient, and intelligent network,” Chief

FedEx’s review of its freight business comes as the company also reviews its air network capacity to better align air network capacity with demand. FedEx is permanently closing several facilities to match capacity with demand and conducting the assessment of FedEx freight to determine the role that it plays in its overall portfolio structure. The review is expected to deliver results by the end of the year. Investors will want to see the expenses that will come with the freight assessment. In its fiscal 4Q, FedEx said that its results included a noncash imparment charge of $157 million from the decision to permanently retire 22 Boeing 757-200 aircraft and seven related engines. Shares jump 15% in after-hours trading.

FedEx (FDX) shares jumped in late trading Tuesday after the company reported a modest improvement in quarterly revenue, reversing six straight quarters of declines. The shipping giant said it still faces a challenging market for parcel deliveries but added that it benefitted from savings due to restructuring efforts that include multiple rounds of workforce reductions and facility closures. Earlier this month, FedEx said it is reducing its headcount in Europe by as many as 2,000 people. Shares rose 14.05% to $292.4 in post-market trading. — The Memphis, Tenn.-based company said revenue rose to $22.1 billion in the quarter, from $21.93 billion a year earlier, slightly exceeding the $22.04 billion expected by analysts polled by FactSet. For the fiscal year, revenue reached $87.7 billion, down from the $90.2 billion a year earlier. — The company said it logged $157 million in charges linked to a decision to retire 22 aircraft and seven

FedEx says it’s seeing improving trends in U.S. domestic parcel and international export demand. The company’s preparing to put in place additional efficiencies with its contract with the U.S. postal service is set to expires on Sept. 29, but it still expects to benefit from a moderately improving demand environment. Overall for FY25, FedEx expects low-to mid-single digit growth in revenue. In FY24, the company saw a drop in revenue of about 2.8%.Shares jump 15% to $295 in after-hours trading.

FedEx is scheduled to report earnings for the fiscal fourth quarter after the market close Tuesday. Here’s what you need to know: NET INCOME: The Memphis, Tenn.-based package-shipping company is expected to report a net profit for the three months ended May 31 of $1.33 billion, or $5.23 a share, according to FactSet. This compares with reported profit of $1.54 billion, or $6.05 a share, for the same period a year earlier. ADJUSTED EARNINGS: Stripping out one-time items, FedEx is expected to post adjusted earnings of $5.34 per share, according to FactSet. REVENUE: FedEx’s revenue is set to rise to $22.04 billion, according to FactSet. This compares with reported revenue of $21.90 billion for the same period a year earlier.