FedEx’s profit of $231 million was down 3 percent from a year earlier. But it expects moderate economic growth to boost results.
(Mark Lennihan/Associated Press/File 2010)
MARKET MOVERS
FedEx expects to beat analyst forecasts
FedEx’s profit of $231 million was down 3 percent from a year earlier. But it expects moderate economic growth to boost results.
(Mark Lennihan/Associated Press/File 2010)
The second-largest package-shipping company in the United States promises to deliver on its earnings — and then some. FedEx, a global shipper based in Memphis, is forecasting fourth-quarter earnings of as much as $1.83 a share. That would beating the average analyst estimate of $1.66, Bloomberg data show. FedEx’s shares rose 3.1 percent yesterday, the biggest increase since Feb. 10.
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