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Fedex: targets increased after a solid quarter

(CercleFinance.com) - Reporting better-than-expected results in Q2 2017-18, FedEx has announced that it is now targeting annual adjusted EPS of 11.
45 dollars to 12.05 dollars, compared with a target range of 11.05 dollars to 11.85 dollars three months ago.

On Tuesday evening the logistics group unveiled adjusted income that is up 15% at 866 million dollars for its quarter to end-November, or 3.18 dollars per share, while the consensus was expecting 30 cents less.

The group's adjusted operating margin increased by 0.3 point to 8.5%, on sales that are up 9% at 16.3 billion dollars, which also exceeds the consensus of 15.7 billion dollars.

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