FedEx Reports Strong Earnings Growth

FedEx Corp. (NYSE: FDX) has reported earnings of $2.14 per diluted share for the second quarter ended November 30, up 36% from last year’s $1.57 per share.

“FedEx posted strong results and a higher operating margin in the second quarter, with continued growth in volumes and base yields in each of our transportation segments,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer.

FedEx Corp. reported the following consolidated results for the second quarter:

• Revenue of $11.9 billion, up 5% from $11.4 billion the previous year

• Operating income of $1.01 billion, up 22% from $827 million last year

• Operating margin of 8.5%, up from 7.3% a year ago

• Net income of $616 million, up 23% from last year’s $500 million

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