FedEx Posts Higher First-Quarter Profit

Mani

Published onSeptember 18, 2013

Updated on May 13, 2021

FedEx Corporation (NYSE:FDX) posted bigger fiscal first-quarter profit at $489 million from $459 million, reported in the year-ago period.

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FedEx is considered an economic bellwether as it moves massive volume of goods around the world. It posted $1.53 a share for the first-quarter ending August 31, up from $1.45 a share last year.

FedEx Beats Analysts Estimates

FedEx Corporation (NYSE:FDX) revenue rose 2 percent to $11 billion up from $10.8 billion posted a year earlier.

According to a consensus estimates from Thomson Reuters, analysts anticipated FedEx to report earnings excluding items of $1.50 a share from...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

FedEx Posts Higher First-Quarter Profit

FedEx Beats Analysts Estimates

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