Fedex: Q4 exceeds consensus
(CercleFinance.com) - On Tuesday evening FedEx unveiled Q4 2017/18 adjusted net income that was up 40.
4% at 1.6 billion dollars (vs. 1.14 billion dollars last year), meaning EPS of 5.91 dollars, on sales of 17.3 billion dollars, while the consensus was expecting EPS of 5.67 dollars.
The US logistics group has said that it has benefited from higher base rates, increased volumes and the favourable net impact of fuel on each transport segment. Fedex said that accelerated wage increases for some hourly-paid employees have partially offset these benefits.
For the coming fiscal year, which has just begun, FedEx targets EPS of between 17 dollars and 17.60 dollars, assuming sales growth of about 9%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4% at 1.6 billion dollars (vs. 1.14 billion dollars last year), meaning EPS of 5.91 dollars, on sales of 17.3 billion dollars, while the consensus was expecting EPS of 5.67 dollars.
The US logistics group has said that it has benefited from higher base rates, increased volumes and the favourable net impact of fuel on each transport segment. Fedex said that accelerated wage increases for some hourly-paid employees have partially offset these benefits.
For the coming fiscal year, which has just begun, FedEx targets EPS of between 17 dollars and 17.60 dollars, assuming sales growth of about 9%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.