FedEx rides online shopping to beat Wall Street forecasts

Discussion in 'The Latest FedEx Headlines' started by cheryl, Mar 17, 2016.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx rides online shopping to beat Wall Street forecasts - Yahoo

    FedEx rode the growth in online shopping to beat Wall Street expectations for the holiday season, although profit fell 19 percent because of legal bills and acquisition costs.

    The package delivery company said Wednesday that peak-season demand was better than expected. FedEx raised its profit forecast for its current fiscal year and its shares jumped more than 6 percent in after-hours trading.
     
  2. Operational needs

    Operational needs Well-Known Member

    Hahahaha! Lawsuits eating away at shareholder's profits.