FedEx (FDX) Says Earnings will top Previous Guidance

FedEx Corp. (NYSE: FDX) raised its forecast of earnings for the November quarter, citing stronger-than-expected growth in international priority and ground shipments. The package-delivery company said it expected to report profit of $1.10 per share, down 30% from a year ago, when it earned $1.58 per share. The company had forecast earnings between 65 cents and 95 cents per share in the fiscal Q2 ended Nov. 30.

Analysts had expected FedEx to earn 85 cents a share in its fiscal second quarter, according to Thomson Reuters.
FedEx Corporation (FDX) is a holding company. The Company provides a portfolio of transportation, e-commerce and business services through companies that compete collectively, operate independently and manage collaboratively, under the respected FedEx brand.