June 20, 2017 / 8:31 PM / 2 months ago

FedEx reports quarterly profit

June 20 (Reuters) - Package delivery company FedEx Corp reported a quarterly profit compared with loss in the year-ago period, boosted by higher sales across all its business units.

The company posted a net income of $1.02 billion, or $3.75 per share, in the fourth quarter ended May 31, compared with a net loss of $70 million, or 26 cents per share, a year earlier.

On an adjusted basis, the company earned $4.25 per share. FedEx had incurred some charges related to TNT Express acquisition a year earlier.

Revenue rose to $15.7 billion from $13 billion a year earlier. (Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below