FedEx Sees Strong Demand, Raises Earnings Guidance

Share this content:
FedEx Corp., Memphis, said yesterday that it expects to report higher earnings of $1 to $1.10 per diluted share for the first quarter ending Aug. 31 and $4.40 to $4.60 per diluted share for fiscal 2005. Previous guidance was $0.90 to $1 per diluted share for the first quarter and $4.20 to $4.40 per diluted share for fiscal 2005.

"We are seeing strong demand across our international express, ground and less-than-truckload services," said Alan B. Graf Jr., executive vice president and chief financial officer. "We have strong momentum in our businesses and believe the economy will continue on a sustainable expansion path."

Though prolonged high oil costs could impact the worldwide economy, "we believe we will continue to see strong demand which will result in higher earnings," Graf said. To meet the demand, FedEx expects to increase its capital investments next year to more than $2 billion to expand its international express, ground and freight networks.


Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above