Analysts expect higher FedEx results
FedEx Corp., in the midst of expanding in Asia, will report quarterly results next week that Wall Street analysts expect will be an improvement from a year ago despite high gasoline and jet fuel prices. The company will report its fiscal 2006 third-quarter results on March 22. According to Thomson First Call, analysts expect the shipping company to earn USD1.30 a share, with a range of estimates from USD1.24 to USD1.35 a share. Revenue is expected to reach USD8.03 billion. Last year, the company brought in USD7.34 billion in sales during the quarter and earnings of USD1.03 a share, according to First Call.
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