20-Jun-2012 11:14 AM

FedEx Corp operating profit up in FY2012

FedEx Corp reports (19-Jun-2012) the following financial highlights:

  • Three months ended May-2012:
    • Total revenue: USD11 billion, +4.0% year-on-year;
    • Operating profit: USD856 million, -4.0%;
    • Net profit: USD550 million, -1.0%;
  • 12 months ended May-2012:
    • Total revenue: USD42.7 billion, +8.7%;
    • Operating profit: USD3.2 billion, +34%;
    • Net profit: USD2.0 billion, +40%. [more – original PR]

FedEx: “FedEx projects earnings to be USD1.45 to USD1.60 per diluted share in the first quarter and USD6.90 to USD7.40 per diluted share for fiscal 2013. This earnings guidance does not include the impacts of the significant cost reduction programs currently under review that should be announced in the fall. The company’s outlook assumes U.S. GDP growth of 2.2% and world GDP growth of 2.6% during the fiscal year. FedEx reported earnings of USD1.46 per diluted share in last year’s first quarter. Capital spending for fiscal 2013 is expected to decline to USD3.9 billion, with fewer aircraft deliveries at FedEx Express and increased investment in the high-margin, high-return FedEx Ground business.” Source: Company statement, 19-Jun-2012.

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