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The Latest FedEx Headlines
FedEx Profit Beats Estimates, Orders 27 Jets
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<blockquote data-quote="cheryl" data-source="post: 913836" data-attributes="member: 1"><p><strong>FedEx Profit Beats Estimates, Orders 27 Jets - Bloomberg</strong></p><p></p><p>FedEx's (FDX) better-than-expected fiscal second-quarter earnings report released Thursday is more proof that the U.S. economic recovery is for real.</p><p></p><p>Net income at the Memphis, Tenn., parcel delivery company rose 76% to $497 million, or $1.57 per share, as more consumers used FedEx Home Delivery and FedEx SmartPost services during the holiday season. Analysts surveyed by Bloomberg had expected earnings of $1.53. Revenue rose 10% to $10.59 billion, in line with estimates.</p></blockquote><p></p>
[QUOTE="cheryl, post: 913836, member: 1"] [B]FedEx Profit Beats Estimates, Orders 27 Jets - Bloomberg[/B] FedEx's (FDX) better-than-expected fiscal second-quarter earnings report released Thursday is more proof that the U.S. economic recovery is for real. Net income at the Memphis, Tenn., parcel delivery company rose 76% to $497 million, or $1.57 per share, as more consumers used FedEx Home Delivery and FedEx SmartPost services during the holiday season. Analysts surveyed by Bloomberg had expected earnings of $1.53. Revenue rose 10% to $10.59 billion, in line with estimates. [/QUOTE]
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