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FedEx reported strong earnings, outweighing investor sell-offs, and announced a quarterly dividend.
New York State Teachers Retirement System and other investors have reduced their holdings in FedEx, but the company reported strong earnings of $6.07 per share, surpassing analysts' expectations.
FedEx's stock is valued at $54.47 billion, and the company has announced a quarterly dividend of $1.45.
Despite the investor pullback, analysts predict FedEx will post earnings of $19.14 per share for the year.
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FedEx reportó ganancias fuertes, que superaron las ventas de los inversores, y anunció un dividendo trimestral.