Tag: Worldwide

FedEx Corporation today reported earnings of USD1.38 per diluted share for the third quarter ended February 28, compared to USD1.03 per diluted share a year ago, a year-over-year increase of 34%. Highlights from the consolidated results for the third quarter include: revenue of USD8.00 billion, up 9% from USD7.34 billion the previous year, operating income of USD713 million, up 29% from USD552 million a year ago and net income of UD428 million, up 35% from UDS317 million the previous year. “FedEx continues to deliver strong results by providing outstanding customer service around the world and by crisply executing our strategy of balancing volume and revenue growth with cost containment to improve our margins,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. “With our broad portfolio of services, FedEx is uniquely positioned to take advantage of continued growth in the global economy.”

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.