FedEx dramatically increased its earnings estimate for its fiscal first quarter ending Aug. 31, yesterday projecting earnings per share to be in the range of $1.05 to $1.15, up 19%-23.5% from its previous earnings guidance made just last month. If the projection comes to fruition, the express giant's quarterly per share profit will jump 81%-116% year-over-year. For the full fiscal year ending May 31, 2011, it projects earnings per share of $4.60-$5.20, up 4%-4.5% from its previous ...

Subscribe to Access this Entire Article

"FedEx ups earnings guidance amid 'moderate recovery' in world economy" 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.