Home / FedEx / FedEx Q2 Results Miss Estimates, But Lifts FY11 Earnings View – Update

FedEx Q2 Results Miss Estimates, But Lifts FY11 Earnings View – Update

Package delivery company FedEx Corp. Thursday reported a decline in profit for the second quarter, reflecting mainly costs related to the combination of FedEx Freight and FedEx National LTL operations, including severance costs. Revenues and adjusted earnings for the quarter grew from last year, but came in below market consensus. The company, however, lifted its adjusted earnings guidance for …

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