As FedEx predicted following the end of its fiscal third quarter, the company posted a strong financial performance for its fiscal fourth quarter ended May 31.
FedEx 777F. Photo: By Rob Finlayson. As FedEx predicted following the end of its fiscal third quarter (ATW Daily News, March 18), the company posted a strong financial performance for its fiscal fourth quarter ended May 31. Net income jumped 33% to $558 million from a $419 million profit in the prior-year period and quarterly revenue rose 12% year-over-year to $10.55 billion. With the strong finish, FedEx reported net income of $1.45 billion for FY2010-11ended May 31, up 23% from a ...
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