FedEx Raises Guidance, Thanks to Lower Fuel Prices (FDX) - Dividend Daily
FedEx Corporation expects to report earnings of $1.23 per diluted share for the first quarter, ended August 31. The company’s previous earnings guidance was $0.80 to $1.00 per diluted share. For fiscal 2009, the company is reaffirming its earnings guidance of $4.75 to $5.25 per diluted share.
Management is citing lower-than-expected fuel costs late in the quarter and stringent cost management as the keys to the improved outlook. The company did express concern that slowing economic growth trends in the U.S. are now extending to other areas of the global economy.
FedEx Corporation expects to report earnings of $1.23 per diluted share for the first quarter, ended August 31. The company’s previous earnings guidance was $0.80 to $1.00 per diluted share. For fiscal 2009, the company is reaffirming its earnings guidance of $4.75 to $5.25 per diluted share.
Management is citing lower-than-expected fuel costs late in the quarter and stringent cost management as the keys to the improved outlook. The company did express concern that slowing economic growth trends in the U.S. are now extending to other areas of the global economy.
