FedEx reports higher year-over-year first-quarter results

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MEMPHIS, Tenn., September 18, 2013 … FedEx Corp. today reported earnings of $1.53 per diluted share for the first quarter ended August 31, compared with $1.45 per share last year.

“Growth in overall demand for our broad global portfolio of solutions drove our improved firs-quarter results,” said Frederick W. Smith, FedEx Corp chairman, president and chief executive officer. “FedEx Express remains focused on reducing costs while facing challenging global economic conditions. Meanwhile, FedEx Ground continues to generate strong profitability on growing ...