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FedEx Adjusted Net Income of $753 Million Reflects Improved Unit Results

2015-06-18 01:13:05| Air Courier - Topix.net

FedEx Corp. reported net income, excluding one-time costs, of $753 million, or $2.66 per share, for its fiscal fourth quarter ending May 31 that included improved results at the Express, Ground and Freight units. Profit excluding taxes and interest rose 12% at Express to $598 million, despite a 4% drop in revenue to $6.70 billion.

Tags: net results million unit

Barclays Analyst: FedEx Doing A Lot Of Things That 'Aren't Macro-Contingent'

2015-06-17 21:11:53| Air Courier - Topix.net

FedEx Corporation came out with worse than expected fourth-quarter results prior to market opening on Wednesday, following which its shares took a beating at the open. "We believe the industrial economy in the U.S. has really slowed down in the last six to nine months," Oglenski began.

Tags: that lot things analyst

FedEx Earnings, Revenue Miss; Full-Year View Weak

2015-06-17 17:09:01| Air Courier - Topix.net

's fiscal fourth-quarter earnings and revenue missed Wall Street estimates Wednesday on lower fuel surcharges, and its full-year outlook was also weak. The shipping giant's Q4 adjusted earnings rose 8% to $2.66 per share.

Tags: view miss revenue weak