FedEx Raises Q4 Earnings Estimate

Share this article:
FedEx Corp., Memphis, TN, increased its earnings estimate last week for the fiscal 2004 fourth quarter to $1.20 to $1.30 per diluted share, excluding the costs of the company's business realignment activities, compared with $0.92 per diluted share a year ago.


Fiscal 2004 earnings are now expected to be $3.40 to $3.50 per diluted share, excluding business realignment costs and a one-time tax benefit recorded in the first quarter, compared with $2.74 per diluted share a year ago.


FedEx also announced it expects fiscal 2005 earnings of $4 to $4.20 per diluted share, up 14 percent to 24 percent over the company's revised fiscal 2004 forecast. Its fiscal 2005 year begins in June.


"We expect fiscal 2005 to be a strong year for FedEx, with very good improvement in our operating margin, earnings per share, cash flow and returns," said Alan B. Graf Jr., executive vice president and chief financial officer. "Our optimism stems from increasing customer demand for services in all business segments, a lower cost structure at FedEx Express and improving economic conditions."


Share this article:
close

Next Article in Direct Mail

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Direct Mail

Ricoh Strikes a Blow for Multichannel on a Small Scale

Ricoh Strikes a Blow for Multichannel on a ...

The company introduces a creative service to help print shops augment direct mail with email and pURL landing pages.

Delivered: Insurance Mailers

Delivered: Insurance Mailers

What's in our mailbox this month: Insurance mailers. See which ones cover all their bases—and which ones, not so much.

Marketing Challenge: Defending Direct

Marketing Challenge: Defending Direct

The new CEO wants to cut direct mail because of postal increases—even though DM is great for ROI. What would you do? Email your answers to ginger.conlon@dmnews.com by June 30 ...