FedEx predict 2Q results

FedEx announced that it expects to report earnings of $1.10 per diluted share for the second quarter ended 30 November, down 30% from $1.58 per diluted share a year ago. The company’s previous guidance for the quarter was $0.65 to $0.95 per diluted share.

“FedEx will exceed previous earnings guidance in the second quarter primarily due to better-than-expected growth in FedEx International Priority and FedEx Ground volumes, coupled with the benefits of our continuing cost control programs,” said Alan B. Graf Jr., FedEx Corp. executive vice president and chief financial officer. “Year-over-year growth in our US overnight express and FedEx International Priority services increased each month during the quarter, aided by inventory restocking and our successful sales efforts. Demand for our international services has improved significantly since the first quarter, particularly in Asia and Latin America.”

FedEx will release the details of its second quarter earnings and update its earnings outlook on 17 December.

Relevant Directory Listings

Listing image

KEBA

KEBA is an internationally successful high-tech company with headquarters in Linz (Austria) and subsidiaries worldwide. KEBA is active in the three operative business areas: Industrial Automation, Handover Automation and Energy Automation. The company has been developing and producing for more than 50 years according to […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Post & Parcel
Emirates Post collaboration “reflects our broader vision to transform our branches”
Yodel: we’ve seen steadily increasing demand for Out of Home collections
DHL Express: Sustainability is a top priority for SMEs and a necessity to drive growth
Australia Post peak: 2,800 parcels delivered to Australian households every minute
Co-op to further expand its network of safe, secure and convenient parcel lockers
Emirates Post collaboration “reflects our broader vision to transform our branches”
Yodel: we’ve seen steadily increasing demand for Out of Home collections
DHL Express: Sustainability is a top priority for SMEs and a necessity to drive growth
Australia Post peak: 2,800 parcels delivered to Australian households every minute
Co-op to further expand its network of safe, secure and convenient parcel lockers
1
2
3
4
5
Listing image
Listing image
Listing image
Listing image
Emirates Post collaboration “reflects our broader vision to transform our branches”
FedEx: Our new facility in Plzeň is part of a series of investments in Central and Eastern Europe
FedEx France: We are delighted to announce this further enhancement to our operations
FedEx: Asia Pacific businesses are increasingly prioritising cross-border trade
Share This