FedEx said revenues in fiscal third-quarter ending on Feb 28 gained 10% to $23.6 billion from $21.5 billion a year ago. Net income in the period rose to $1.1 billion or $4.20 a share from $892 million or $3.30 a share. The additional fuel surcharge helped to offset reduced customer demand, higher wages, and staff sickouts.
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Barrick Gold fourth-quarter net loss widened to $1.2 billion. Diebold Nixdorf net loss widened to $124 million. FLIR Systems fourth-quarter net swung to a loss of $99 million. Teva Pharmaceutical fourth-quarter net loss narrowed to $2.9 billion.
Berkeley lifted fiscal profit outlook. Fresenius issued a profit warning. Carl Zeiss Meditec profit declined 7% but revenues surged 8%. Fresenius Medical Care forecasted solid revenue growth in fiscal 2018.
Broadcom fourth-quarter net more than doubled to $1.1 billion. Lululemon third-quarter net jumped 60% to $94 million. Vail Resorts first-quarter net loss widened to $108 million. Ulta Beauty third-quarter net soared 25% to $131 million. United Natural Foods first-quarter net swung to a loss of $19 million.
Ashtead beats profit estimates largely because of strong demand for its equipment rental business in the U.S. Banco BPM agreed to sell its
Ascena Retail first-quarter net plunged 14% to $6 million. Casey's General Stores second-quarter net surged 36% to $67 million. DSW third-quarter net plunged 14% to $39 million.