FedEx Corp. (NYSE: FDX) today reported earnings of $1.75 per diluted share for the fourth quarter ended May 31,
    compared to $1.33 per diluted share a year ago, a year-over-year increase of 32%.

    "During fiscal 2011, an improved economy, strong customer demand and decisive actions to grow our business led
    to increased volumes and yields across all transportation segments," said Frederick W. Smith, FedEx Corp.
    chairman, president and chief executive officer. "With this positive momentum, moderate economic growth and
    subsiding cost headwinds, FedEx is well positioned to deliver strong earnings growth in fiscal 2012."

    Fourth Quarter Results
    FedEx Corp. reported the following consolidated results for the fourth quarter:
    Revenue of $10.55 billion, up 12% from $9.43 billion the previous year
    Operating income of $888 million, up 28% from $696 million last year
    Operating margin of 8.4%, up from 7.4% the previous year
    Net income of $558 million, up 33% from last year's $419 million

    Revenue and earnings increased due to continued strong yield improvement in all transportation segments and
    volume growth of ground and international express shipments. FedEx Freight's return to profitability also improved
    operating results.
     
     
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