Market Updates
FedEx Holds Annual Outlook After Net Jumps 23%
Mukesh Buch
23 Mar, 2022
New York City
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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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Earnings
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