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FedEx Quarterly Profit Drops

Earnings at FedEx dropped 45 percent for the Memphis-based company’s fourth quarter, compared with last year, after accounting for the costs of ‘business realignment’ and retiring aircraft, the company announced Wednesday. More: continued here

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FedEx Delivers Growth—Especially on the Ground

FedEx reported fiscal fourth-quarter earnings before the bell. Ex-items, the shipping company posted earnings of $679 million, or $2.13 a share, topping analysts’ consensus estimates of $1.96 per share. The outperformance came as a result of increased business, as well … Continue reading → More: continued here

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FedEx shares dip on growth concerns

FedEx Corp said on Wednesday it was cutting its capacity between the United States and Asia, sending its shares lower on concerns about future growth, even as the world’s biggest air-freight company posted a stronger-than-expected profit. More: continued here

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