FedEx fiscal second quarter earnings rise, but international concerns loom

Earnings per share, at $4.03, topped Wall Street expectations of $3.94, while revenue, at $17.8 billion, was up 9% annually, and net income, at $935 million rose 21%. Quarterly operating income, at $1.17 billion, was up 5%. Even though there were gains for these metrics, the company said it is reducing full-year guidance, due largely to issues in its European operations. Source: logistics Mgmt

Read More