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SECURITY: FDX (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
With annual revenues of $21
billion, FedEx Corp. is the premier global provider of transportation,
e- commerce and supply chain management services. The company offers integrated
business solutions through a network of subsidiaries operating independently,
including: FedEx Express, the world's largest express transportation company;
FedEx Ground, North America's second largest provider of small-package
ground delivery service; FedEx Freight, the largest U.S. provider of regional
less-than-truckload freight services; FedEx Custom Critical, North America's
largest provider of expedited time-critical shipments; and FedEx Trade
Networks, a provider of customs clearance, international freight forwarding
and trade facilitation.
FedEx
Reports Strong Revenue and Earnings Growth Operating Margins Improve Across
All Transportation Segment
MEMPHIS,
Tenn., March 22, 2006 ... FedEx Corporation (NYSE: FDX) today reported
earnings of $1.38 per diluted share for the third quarter ended February
28, compared to $1.03 per diluted share a year ago, a year-over-year increase
of 34%.
FedEx
Corp. reported the following consolidated results for the third quarter:
Revenue
of $8.00 billion, up 9% from $7.34 billion the previous year
Operating
income of $713 million, up 29% from $552 million a year ago
Operating
margin of 8.9%, up from last year's 7.5%
Net
income of $428 million, up 35% from $317 million the previous year
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