Fedex Corp Earnings Nysefdx

**FedEx Corporation Reports Financial Results For Fiscal 2023 First Quarter**

**Financial Highlights**

FedEx Corporation (NYSE: FDX) reported its financial results for the first quarter of fiscal 2023 on September 22, 2022. The company reported a net income of $1.036 billion, or $4.13 per diluted share, compared to $1.4 billion, or $5.44 per diluted share, in the same period last year.

Revenue for the first quarter was $23.2 billion, an increase of 10.4% compared to $21 billion in the first quarter of fiscal 2022.

Operating income was $1.4 billion, down from $1.8 billion in the same period last year.

**Segment Results**

FedEx Express, the company's largest segment, reported revenue of $11.5 billion, an increase of 11.2% compared to the same period last year. Operating income for FedEx Express was $782 million, down from $1.1 billion in the first quarter of fiscal 2022.

FedEx Ground, the company's second-largest segment, reported revenue of $7.3 billion, an increase of 10.1% compared to the same period last year. Operating income for FedEx Ground was $623 million, down from $655 million in the first quarter of fiscal 2022.

FedEx Freight, the company's smallest segment, reported revenue of $4.4 billion, an increase of 8.6% compared to the same period last year. Operating income for FedEx Freight was $122 million, down from $146 million in the first quarter of fiscal 2022.

Outlooks

For the full fiscal year 2023, FedEx expects to generate revenue of $100 billion to $105 billion. The company also expects to generate earnings per share of $19.75 to $21.00.

The company's outlook for the full year is based on a number of assumptions, including continued economic growth, stable fuel prices, and no major disruptions to the global supply chain.

FedEx Corporation is a global provider of transportation, e-commerce, and business services. The company operates in more than 220 countries and territories and employs approximately 550,000 people.