Jim Cramer: FedEx Is a Buy Here

Author:
Publish date:
Video Rating:
TV-G
Video Duration:
1:29

FedEx  (FDX) - Get Report posted earnings that beat expectations.

The company reported third-quarter earnings with a bottom line of $3.47 per share as revenues grew 23% to $21.5 billion on the back of surge e-commerce and international volumes and a firmer market for pricing.

Ground volumes, which include the group's ongoing contract with Walmart, were up 25%, as well, FedEx said, with revenues per package rising 11% to $9.72 each.

Recap TheStreet Live: Everything Jim Cramer Is Watching Friday

Related Videos