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Fed-Ex 3rd quarter earnings
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<blockquote data-quote="bacha29" data-source="post: 5780319" data-attributes="member: 58386"><p>It's actually Q2. FDX fiscal year runs from 6-1 to 5-31 Wall Street estimates....$4.19 a share on 22.35 billion in revenue. That's actually down from the $4.55 reported in Q1. The winners are expected to be Freight given the additional volume it picked up from Yellow. It is also expected to show the continued dramatic downsizing of Express with a corresponding reduction in the number of employees . Ground will make gains while at the same time contractors who have no say in the matter whatsoever continue to experience margin compression while under heavy pressure to put even more money at risk ahead of an expected severe downturn in shipping tonnage and rates in 2024 making it even harder for them to stay on the right side of the grass.</p><p></p><p>But rest assured you won't hear a word out of Raj about that. He's as bad as George Thorogood's landlord....."That don't confront me....Long as I get my money next Friday".</p></blockquote><p></p>
[QUOTE="bacha29, post: 5780319, member: 58386"] It's actually Q2. FDX fiscal year runs from 6-1 to 5-31 Wall Street estimates....$4.19 a share on 22.35 billion in revenue. That's actually down from the $4.55 reported in Q1. The winners are expected to be Freight given the additional volume it picked up from Yellow. It is also expected to show the continued dramatic downsizing of Express with a corresponding reduction in the number of employees . Ground will make gains while at the same time contractors who have no say in the matter whatsoever continue to experience margin compression while under heavy pressure to put even more money at risk ahead of an expected severe downturn in shipping tonnage and rates in 2024 making it even harder for them to stay on the right side of the grass. But rest assured you won't hear a word out of Raj about that. He's as bad as George Thorogood's landlord....."That don't confront me....Long as I get my money next Friday". [/QUOTE]
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