FedEx Corporation (FDX) Profit Rises 4 Percent
FedEx Corp. (NYSE: FDX - News) today reported earnings of $1.58 per diluted share for the first quarter ended August 31, compared to $1.53 per diluted share a year ago.
"FedEx increased its revenue and earnings against the backdrop of a sluggish U.S. economy," said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. "Outside of the United States, the economy is generally solid, contributing to the growth in our international express shipments. I continue to believe that FedEx will, over the long-term, reap the rewards of our strategy of investing in key growth markets and strengthening and expanding our worldwide networks."
First Quarter Results
FedEx Corp. reported the following consolidated results for the first quarter:
Revenue of $9.20 billion, up 8% from $8.55 billion the previous year
Operating income of $814 million, up 4% from $784 million a year ago
Operating margin of 8.8%, down from 9.2% the previous year
Net income of $494 million, up 4% from last year's $475 million
"FedEx increased its revenue and earnings against the backdrop of a sluggish U.S. economy," said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. "Outside of the United States, the economy is generally solid, contributing to the growth in our international express shipments. I continue to believe that FedEx will, over the long-term, reap the rewards of our strategy of investing in key growth markets and strengthening and expanding our worldwide networks."
First Quarter Results
FedEx Corp. reported the following consolidated results for the first quarter:
Revenue of $9.20 billion, up 8% from $8.55 billion the previous year
Operating income of $814 million, up 4% from $784 million a year ago
Operating margin of 8.8%, down from 9.2% the previous year
Net income of $494 million, up 4% from last year's $475 million
Labels: FDX, FedEx Corporation
posted by Stock Administrator @ 7:52 AM
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