FedEx Earnings Surge Thanks To Big Share Buybacks

Discussion in 'The Latest FedEx Headlines' started by cheryl, Sep 17, 2014.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx Earnings Surge Thanks To Big Share Buybacks - Business Insider

    FedEx announced fiscal Q1 earnings jumped 37% year-over-year to $2.10 per share, which was better than the $1.96 expected.

    "Share repurchases benefited earnings in the quarter by $0.15 per diluted share," said management.

    Across corporate America, companies have been buying back stock, which has the effect of boosting earnings per share. This is not the net earnings of the company.