Mixed results for FedEx in second quarter

Intermediaries

Thursday, December 20, 2012

Higher fuel costs, weakness in the U.S. economy and the impact of Hurricane Sandy played a significant role in mixed second-quarter numbers for FedEx Corp. for fiscal year 2012. Revenue in the second quarter for the company as a whole climbed 6 percent to $9.45 billion compared to $8.93 billion in 2011, while operating income was $783 million, down 7 percent from $839 million a year earlier. In addition, the express carrier reported net income of $479 million, down...

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