FedEx (FDX) on Amazon's (AMZN) Logistics Threat: What, Us Worry?
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FedEx Corp. Reports Strong Adjusted Third Quarter Earnings
March 16, 2016 4:15 PM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX) today reported adjusted earnings of $2.51 per diluted share for the third quarter ended February 29, compared to adjusted earnings of $2.03 per diluted share a year ago. Without adjustments, FedEx reported earnings of $1.84 for the third quarter compared to $2.18 per diluted share last year.
This years quarterly consolidated earnings have been adjusted for expenses related to certain legal matters ($0.61 per diluted share) and the pending acquisition of TNT Express ($0.06 per diluted share).
Our strong financial performance was driven by increasing demand for our broad... More
