FedEx (FDX) Tops Q1 EPS by 9c; Guides FY17 EPS
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FedEx Corp. Reports Higher First Quarter Earnings
September 20, 2016 4:15 PM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX) today reported earnings of $2.65 per diluted share ($2.90 per diluted share on an adjusted basis) for the first quarter ended August 31, compared to earnings of $2.42 per diluted share a year ago.
During the quarter, the company incurred TNT Express integration and Outlook restructuring program costs of $68 million ($45 million, net of tax, or $0.17 per diluted share). In addition, the company incurred $28 million ($21 million, net of tax, or $0.08 per diluted share) of intangible asset amortization expense for TNT Express.
The integration of TNT Express is... More
