FedEx Says 2Q Earnings Will Exceed Guidance
FedEx Corp. said its fiscal second-quarter earnings will be below the same period last year but exceed its guidance for the quarter.
Per-share earnings for the quarter ended Nov. 30 will be $1.10, down 30% from last year’s $1.58 but over its guidance of 65 to 95 cents, FedEx said late Monday.
The earnings will exceed guidance primarily due to better-than-expected growth in FedEx International Priority and FedEx Ground volumes, coupled with the benefits of our continuing cost-control programs,” it said in a statement.
FedEx Corp., ranked No. 2 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers, will release its financial results and update its earnings outlook on Dec. 17.
