FedEx increases earnings outlook, will restore 401(k) match

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jul 26, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx increases earnings outlook, will restore 401(k) match - Memphis Business Journal

    FedEx Corp. is anticipating sunnier skies ahead, increasing its earnings expectations and planning to restore its 401(k) match for employees in 2011.

    The company expects earnings to be in the range of $1.05 to $1.25 per diluted share for the first quarter ending Aug. 31, up from $0.58 per diluted share a year ago. The company’s previous guidance for the quarter was $0.85 to $1.05 per diluted share.

    For the full year, FedEx (NYSE: FDX) expects earnings per diluted share of $4.60 to $5.20, up from $4.40 to $5, which reflects the current market outlook for fuel prices and a continued moderate recovery in the global economy. The company reported earnings of $3.76 per diluted share last year.