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Air Delivery Freight Services

Air Delivery Freight Services, with the stock symbol FDX, refers to Federal Express Corporation, a global leader in transportation and delivery services, which operates under the brand name FedEx Corp. The company is a component of the NASDAQ-100 and the S&P 500 indices.

Here is some general information about FedEx's earnings, growth, and other financial metrics:

1. Earnings: FedEx reported net income of $1.28 billion, or $4.83 per diluted share, for the third quarter of fiscal year 2022 (Q3 FY22), which ended February 28, 2022. This represents a 45.6% year-over-year increase in net income and a 50.1% increase in diluted EPS compared to Q3 FY21. The company's Q3 FY22 revenue came in at $22.2 billion, up 10.1% YoY.

2. Growth: FedEx has demonstrated strong growth over the past few years, driven by an increase in e-commerce, demand for expedited shipping, and strategic acquisitions. The COVID-19 pandemic has accelerated the growth of e-commerce, which has led to higher parcel volume and revenue for FedEx. However, ongoing global supply chain disruptions, labor shortages, and increased operating costs have also posed challenges for the company.

3. Dividends: FedEx has a consistent track record of paying dividends to its shareholders since 2002. The company currently offers a dividend yield of around 1.1%, based on its stock price of approximately $223 as of March 22, 2023. FedEx has increased its dividend by nearly 300% over the past decade.

4. Valuation: Based on its stock price of around $223 and FY22 expected earnings per share of $19.34, FedEx has a price-to-earnings (P/E) ratio of approximately 11.6. This puts the company's valuation at a discount compared to some of its peers, such as United Parcel Service (UPS) and DHL Express, which have higher P/E ratios.

5. Future Outlook: Despite facing some challenges in recent quarters, FedEx remains optimistic about its long-term growth prospects. The company expects to benefit from macroeconomic trends such as global e-commerce growth, the rise of cross-border trade, and the increasing demand for faster and more reliable delivery services. In addition, FedEx is investing in its core business segments and exploring new opportunities, such as automation, electric vehicles, and drone deliveries.

In summary, FedEx, trading under the stock symbol FDX on the NASDAQ, is a leading air delivery and freight services company that has demonstrated consistent growth and solid financial performance. With its focus on innovation and expansion into new markets, FedEx is well-positioned to continue growing and delivering value to its shareholders in the years ahead.