FedEx reported net income of $420 million for its fiscal third quarter ended Feb. 28, down 2% from $428 million earned in the year-ago quarter, on a 7% rise in revenue to $8.59 billion. Chairman, President and CEO Frederick Smith attributed the profit fall to the US economy growing "at a lower rate than we expected." Executive VP and CFO Alan Graf warned, "FedEx earnings growth in our upcoming fiscal 2008. . .may be below our long-term earnings target [of 10-15% per share annual growth] due ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.