FedEx reported net income for its fiscal first quarter ended Aug. 31 of $494 million, up 4% over a net profit of $475 million in the year-ago period, on an 8% rise in revenue to $9.2 billion, but lowered its full-year earnings guidance owing to an uncertain US economy. "FedEx increased its revenue and earnings against the backdrop of a sluggish US economy," Chairman, President and CEO Frederick Smith said. "Outside of the United States, the economy is generally solid. . .I continue to ...

Subscribe to Access this Entire Article

"FedEx first-quarter profit up 4%, full-year earnings forecast down 4%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.