Shipping company FedEx (FDX), often seen as a bellwether of the economy, reported Wednesday that net income in its fiscal 2011 second-quarter declined 18% from a year ago period, even as revenue climbed 12%. Both income and revenue missed Wall Street estimates. The company, however, raised it fiscal 2011 outlook as holiday volumes exceed expectations.
FedEx reported a net income of $289 million, or…
Continue reading FedEx Earnings Miss Wall Street Estimates, Raises Outlook
FedEx Earnings Miss Wall Street Estimates, Raises Outlook originally appeared on DailyFinance on Thu, 16 Dec 2010 08:35:00.
Filed Under: Company News, Earnings, Federal Express, Stocks in the News