FedEx Corp. (FDX) Reports Q1 Results; Guides Q2, Cuts FY12

September 22, 2011 7:31 AM EDT
FedEx Corp. (NYSE: FDX) reported Q1 EPS of $1.46, 1 cent better than the analyst estimate of $1.45. Revenue for the quarter came in at $10.5 billion versus the consensus estimate of $10.34 billion.

Sees Q2 EPS $1.40-$1.60, vs. cons. $1.58.

Reduces its FY12 EPS guidance from $6.35-$6.85 to $6.25-$6.75, which compares to the Street estimate of $6.40.

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