Jim Cramer Applauds FedEx for a Strong Quarter

FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer offered insights on. Cramer praised the company’s latest quarterly results, as he remarked:

“Look at these numbers from FedEx. After the close today, the freight powerhouse reported a truly strong quarter with higher-than-expected revenues and a 70-cent earnings beat… Even better, management raised the low end of their full-year forecast for both revenue and earnings. This company spent years trying to cut costs and optimize its delivery network. Clearly, those efforts are paying off. And even though the freight division came in a little weaker than expected, that business has been struggling for a while now, and FedEx plans to spin it off next year.”

FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, including express and freight delivery, e-commerce solutions, and supply chain management. Cramer discussed it as part of his game plan during the December 12 episode and said:

“Next up, I like Thursday… After the close is the biggest night of the week when CNBC Investing Club position, Nike reports, and FedEx also issues its quarterly numbers… FedEx could be the star of the week. This company is the leanest it’s ever been. The leanest. It’s got furious growth of e-commerce… No chance of abating there. FedEx could put up a monster set of numbers. That’s how well-run the company is.”

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Disclosure: None. This article is originally published at Insider Monkey.