Vladimír Urbánek (Kurzy.cz)
World markets  |  September 18, 2012 14:54:32

FedEx has reduced profit projections for the next quarter and for the full fiscal year


World leader in air freight forwarding, FedEx today announced results for its first fiscal quarter ended 31 August. The company recorded a net profit decline of 464 to 459 mill.USD = $ 1.45 per share, which exceeded market expectations in this regard is set to $ 1.34.

For the second fiscal quarter, the Company estimates net income in the range of 1.3 to 1.45 per share, which lags behind the existing market expectations set for about $ 1.67. The management company also reduced full-year profit outlook from the original 6.9 to 7.4 to 6.2 to 6.6 USD per share.

Results and prospects forwarding multinational companies are always closely monitored, because the market is regarded as one of relatively reliable signals of real and expected development of the global economy.
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FedEx výrazně redukoval výhledy zisku pro další čtvrtletí a pro celý fiskální rok

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