FedEx Corp raised its full-year earnings forecast on Wednesday but its quarterly results missed Wall Street estimates as revenue declined at express delivery, its biggest unit, and volume growth softened for ground deliveries. It sees full-year earnings per share growth between 8 percent and 14 percent above last year. FedEx …
Read More »FedEx Delivers Improved Outlook But Lower Than Expected Profits
While the shipping giant missed earnings estimates, analysts and investors are optimistic when they dig into the details. More: continued here
Read More »FedEx Corp. Reports Higher Year-Over-Year Second Quarter Results
FedEx Corp. today reported earnings of $1.57 per diluted share for the second quarter ended November 30, compared to $1.39 per share last year. Last year’s second quart More: continued here
Read More »FedEx earnings fall short of expectations
FedEx reported quarterly earnings that fell shy of market expectations on Wednesday. More: continued here
Read More »FedEx Posts Higher Second-Quarter Profit
FedEx posted higher quarterly profit as the shipping company cut costs and its express delivery segment, its biggest business, made more money. More: continued here
Read More »FedEx second-quarter profit misses estimate; revs drop at biggest unit
(Reuters) – Global shipping company FedEx Corp on Wednesday reported quarterly results that missed Wall Street estimates as revenue declined at its biggest unit, Express Delivery. FedEx earned $500 million, or $1.57 a share, in the second quarter ended November 30, versus $438 million, or $1.39, in the same quarter …
Read More »FedEx Net Income Misses Estimates
Second-quarter profit fell short of analysts expectations as customers continued to shift toward cheaper ground-shipping options and away from overnight air. More: continued here
Read More »FedEx Profit Misses Estimates as Express Shipping Slows
FedEx Corp. (FDX) said fiscal second-quarter profit rose 14 percent, less than analysts forecast, as customers moving to cheaper shipping options outpaced cost reductions at its airline unit. More: continued here
Read More »FedEx Misses Wall Streets Estimates Despite 14% Earnings Gain
MEMPHIS (TheStreet) — FedEx said net income rose 14% as operating income at FedEx Express rose 42%, but the company nevertheless missed analysts' earnings estimates. The overnight package company said it earned $500 million, or $1.57 a share, in the fiscal second quarter. Analysts surveyed by Thomson Reuters had estimated $1.64. …
Read More »FedEx revenues drop at biggest unit
FedEx reported quarterly earnings that fell shy of market expectations on Wednesday. More: continued here
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