FedEx Corp. Reports Strong Adjusted Third Quarter Earnings
FedEx Corp. Reports Strong Adjusted Third Quarter EarningsMEMPHIS, Tenn., March 16, 2016 … FedEx Corp. (NYSE: FDX) today reported adjusted earnings of $2.51 per diluted share for the third quarter ended February 29, compared to adjusted earnings of $2.03 per diluted share a year ago. These benefits were partially offset by weaker operating results at FedEx Freight and FedEx Ground. Without adjustments, FedEx reported earnings of $1.84 for the third quarter compared to $2.18 per diluted share last year. This year’s quarterly consolidated earnings have been adjusted for expenses related to certain legal matters ($0.61 per diluted share) and the pending acquisition of TNT Express ($0.06 per diluted share). The outlook assumes moderate economic growth and excludes certain legal matters as well as any TNT-related costs or operating results.