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FedEx says 3Q earnings up 146%
by carlie.kollath
 Biz Buzz
2 years ago | 288 views | 0 0 comments | 7 7 recommendations | email to a friend | print | permalink

Good to hear this news about a Memphis-based business that has many NEMS ties. From MarketWatch:

NEW YORK (MarketWatch) -- FedEx Corp. on Thursday said its profit more than doubled on a sharp increase in its overnight delivery profits as it hiked its annual earnings outlook.

FedEx said third-quarter earnings climbed 146% to $239 million, or 76 cents a share, from $97 million, or 31 cents a share, in the year-ago period.

Revenue rose 7% to $8.7 billion.

The company beat the Wall Street target of 72 cents a share and the revenue estimate of $8.32 billion in a survey by FactSet Research.

Read the full story.

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