Stock Analysis:FedEx Top Line Up 20%, Issued Q1, FY EPS Guidance (FDX)

Time 6/16/2010 07:23:00 AM
source:mysmartrend.com
6/16/2010- FedEx Corp. (NYSE:FDX) reported fiscal Q4 net income of $419 million, or $1.33 per share, up from a loss of $876 million, or a loss of $2.82 per share, in the year-ago period.

Revenues rose 20% year-over-year to $9.43 billion, up from $7.85 billion the previous year.

For the full-year, the company reported net income of $1.18 billion, or $3.76 per share, up from $98 million in the year-ago period.

On average, analysts expected EPS of $1.32 on revenues of $9.04 billion.

Full-year revenues fell 2% year-over-year to $34.7 billion, down from $35.5 billion the previous year.
FedEx expects Q1 EPS of $0.85 to $1.05 and fiscal 2011 EPS of $4.40 to $5.00.