FedEx profit more than doubles, tops expectations

Discussion in 'The Latest FedEx Headlines' started by cheryl, Mar 18, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx profit more than doubles, tops expectations - Reuters
    Package delivery giant FedEx Corp (FDX.N) raised its outlook and posted sharply higher profit, but its shares fell as its domestic volume numbers disappointed investors' hopes for a U.S. economic recovery.

    Profit for its fiscal third quarter ended Feb 28 was $239 million, or 76 cents per share, up from $97 million, or 31 cents per share, a year earlier.

    Analysts on average had expected 72 cents per share, according to Thomson Reuters I/B/E/S