1 New High, 1 Underrated CEO
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 16 September 2020
⏱️ 17 minutes
🧾️ Download transcript
Summary
FedEx hits a new all-time high after 1st-quarter revenue hits a record $19.3 billion. Adobe shares fall a bit despite record revenue in the 3rd quarter. Apple unveils a new watch and new iPads, but it’s the Fitness+ service that’s getting more of the media’s attention. Brian Feroldi analyzes those stories and shares why more investors should know about Adobe CEO Shantanu Narayen.
Transcript
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| 0:00.0 | It's Wednesday, September 16th. |
| 0:04.3 | Welcome to Market Foolery. |
| 0:05.6 | I'm Chris Hill with me today. |
| 0:07.9 | Brian Feraldi. |
| 0:08.8 | Good to see you, my friend. |
| 0:10.1 | Chris, great to be back. |
| 0:12.4 | We're going to get to Apple's event for all the listeners out there who are like, |
| 0:16.0 | are you going to talk? |
| 0:17.0 | Yeah, of course we're going to talk about Apple's event, but we've got some earnings to get to. |
| 0:20.0 | And we're going to start with FedEx, because shares at FedEx are hitting an all-time high today |
| 0:25.2 | after first quarter revenue came in north of $19 billion. That is a record. And it's not just revenue Brian their margins are ticking up as well and this |
| 0:35.9 | was this was a really good quarter for FedEx. |
| 0:40.1 | Yeah if you're a FedEx investor I I mean pick a metric, it looked good. As you pointed out, |
| 0:46.2 | 19.3 billion in revenue, a quarterly record, and that was up 13.5% year over year. |
| 0:53.2 | For comparison, Wall Street was only expecting 17. |
| 0:56.0 | 1⁄2 billion, so significant top line beat, |
| 0:59.2 | not something you usually see with a company of FedEx's size. More impressive though was the rest of the |
| 1:04.6 | income statement if you worked your way down. They really had some strong |
| 1:08.0 | operating leverage and they were actually able to grow their net income 67% growth in net income to 472 a share. |
| 1:18.6 | Again, Wall Street only expecting 269. |
| 1:21.7 | It's not often you see that kind of delta for a company like FedEx. |
| 1:25.0 | It's not and they didn't really give guidance did they because in terms of what I saw this morning I |
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