The parcel empires strike back as smaller players take stock
Over the past couple of years small parcel carriers have gained ground, as behemoths FedEx, ...
FedEx reported fiscal Q3 numbers after the US market closed.
As it pushes to cut costs, earnings were well ahead of expectations. According to Seeking Alpha estimates, Q3 Non-GAAP earnings per share of $3.41 were $0.67 higher than expected, while quarterly sales were weaker.
FedEx upped its earnings forecast for the fiscal year, and now expects:
– Earnings per diluted share of $13.80 to $14.40 before the MTM retirement plans accounting adjustments, compared to the prior forecast of $12.50 to $13.50 per diluted share;
– Earnings per diluted ...
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