FedEx (FDX) Misses Q1 EPS by 3c; Cuts FY16 Outlook
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FedEx Corp. Reports Higher First Quarter Earnings
September 16, 2015 7:30 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX) today reported earnings of $2.42 per diluted share for the first quarter ended August 31, compared to adjusted earnings of $2.12 per diluted share a year ago. Without adjustment, FedEx earned $2.26 per diluted share last year.
FedEx Corp. is performing solidly given weaker-than-expected economic conditions, especially in manufacturing and global trade, said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. Our profit improvement program is on track and delivering impressive results, and I am very confident FedEx is well positioned to deliver value for... More
