FedEx profit drops less than investors feared

Discussion in 'FedEx Discussions' started by cheryl, Dec 19, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx profit drops less than investors feared - Reuters

    FedEx Corp profit fell 11.9 percent in the second quarter, less than investors had feared, as the No. 2 U.S. package delivery company struggled to improve demand at its air freight business.

    The company reported fiscal second-quarter earnings of $438 million, or $1.39 per share, on Wednesday, compared with $497 million, or $1.57 per share, a year earlier.

    Disruptions relating to Superstorm Sandy - which walloped the East Coast late in October and killed more than 130 people - pulled earnings down by about 11 cents per share.
     
  2. Mr. 7

    Mr. 7 The monkey on the left.

    I love how the storm is to blame.
     
  3. MrFedEx

    MrFedEx Engorged Member

    How about Superstorm "Incompetent Management" being to blame instead?
     
  4. texan

    texan Well-Known Member

    To me, a novice and not a US logistics expert, a lot of items one would want to order
    online, comes from NY City.

    Cameras, CPU's, etc.

    I was pre shopping for a few items.

    I was using Amazon.

    The items I saved, were no longer available.

    I researched the providing company, and they were in that area.

    So that storm had an impact on all, UPS and FDX, not to mention many many busineses, families
    and people for a while then, and even now.