Home / FedEx / FedEx Misses Estimates as Winter Storms Slash $125M From Income

FedEx Misses Estimates as Winter Storms Slash $125M From Income

Memphis, Tenn. (TheStreet) — Severe winter storms cost FedEx  $125 million in its fiscal third quarter, causing the company to miss earnings estimates and to reduce guidance for the remainder of the fiscal year. The overnight shipping company reported earnings of $378 million, or $1.23 a share, for the quarter ended Feb. 28. Analysts surveyed by Thomson Reuters had estimated $1.47. Revenue rose …

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