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FedEx Lags Earnings, Tops Revs

FedEx reported third quarter fiscal 2013 adjusted earnings of $1.23 per share that missed the Zacks Consensus Estimate of $1.38 and decreased from the year-ago earnings of $1.55. More: continued here

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FedEx Corp. Reports Third Quarter Earnings

FedEx Corp. today reported earnings of $1.23 per diluted share for the third quarter ended February 28, excluding business realignment costs totaling $47 million primarily related to the company’s voluntary buyout program for eligible U.S. More: continued here

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FedEx Misses Estimates as Asia Air Freight Slows

MEMPHIS (TheStreet) — FedEx said Wednesday it will cut air capacity to Asia after a disappointing quarter where it missed estimates as net income fell 31%. The company said it sees continued weakness in international air freight markets and offered guidance that is below estimates for the fiscal fourth quarter …

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