FedEx Corp. Reports Solid Second Quarter Earnings Growth
FedEx Corp. Reports Solid Second Quarter Earnings GrowthImproved Base Yields and E-Commerce Growth Drive ResultsMEMPHIS, Tenn., December 16, 2015 … FedEx Corp. (NYSE: FDX) today reported adjusted earnings of $2.58 per diluted share for the second quarter ended November 30, compared to adjusted earnings of $2.16 per diluted share a year ago. Without adjustments, FedEx reported earnings of $2.44 for the second quarter compared to $2.31 per diluted share last year. FedEx Ground average daily volume grew 9% in the second quarter, primarily driven by growth in e-commerce. Additional information and operating data are contained in the company’s annual report, Form 10-K, Form 10-Qs and second quarter fiscal 2016 Statistical Book. International export revenue per package decreased 9% as lower fuel surcharges and unfavorable currency exchange rates more than offset higher base rates.