Inside FDX’s Results
The company reported earnings of $580 million, or $2.01 per share, up from $378 million, or $1.23 per share, a year ago. Analysts expected to see earnings of $1.87 per share.
Revenue increased 4% to $11.7 billion from $11.3 billion last year. Analysts expected to see revenue of $11.79 billion.
Looking forward, FedEx expects to see FY2015 earnings between $8.80 and $8.98 per share. Analysts are expecting EPS of $8.97.
Profits Soar on Lower Fuel Costs
The company benefited from lower fuel costs on both its aircraft and vehicles. If fuel costs remain low, the company could continue to thrive amid lower energy prices.
In addition to lower fuel costs, FDX benefited from the restructuring of its air express division and favorable weather conditions.
Mutual Funds to Watch
|DODGX||Dodge & Cox Stock||3.11%|
|VTSMX||Vanguard Total Stock Market Index||1.64%|
The Bottom Line
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