FedEx Corp. expects earnings for its fiscal first quarter ended Aug. 31 to exceed its previous guidance of $0.30-$0.45 per diluted share. It now expects earnings of $0.58 per diluted share, which would represent a 53% decline from the year-ago quarter. Fiscal second-quarter earnings are expected to be $0.65-$0.95 per diluted share thanks in part to "a continued modest recovery in the global economy," it said. CFO Alan Graf Jr. said the first-quarter numbers were higher than forecast owing to ...

Subscribe to Access this Entire Article

"FedEx raises first-quarter forecast" 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?

Already registered? here.