FedEx Corporation (FDX) Down in Pre-Market Trading
FedEx Corp. (NYSE: FDX - News) today reported earnings of $1.35 per diluted share for the third quarter ended February 28, compared to $1.38 per diluted share a year ago. Third quarter results were negatively impacted by a slowing economic environment, lower fuel surcharges and severe winter storms, with the storm impact estimated to be $0.06 per diluted share. Results for the quarter also include an $0.08 per diluted share benefit from a reduction in the company's effective tax rate.
FedEx Corp. reported the following consolidated results for the third quarter:
-Revenue of $8.59 billion, up 7% from $8.00 billion the previous year
-Operating income of $641 million, down 10% from $713 million a year ago
-Operating margin of 7.5%, down from last year's 8.9%
-Net income of $420 million, down 2% from $428 million a year ago
FedEx Corp. reported the following consolidated results for the third quarter:
-Revenue of $8.59 billion, up 7% from $8.00 billion the previous year
-Operating income of $641 million, down 10% from $713 million a year ago
-Operating margin of 7.5%, down from last year's 8.9%
-Net income of $420 million, down 2% from $428 million a year ago
Labels: FDX, FedEx Corporation
posted by Stock Administrator @ 8:25 AM
0 Comments:
Post a Comment
<< Home