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

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

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