Earnings
FedEx's Recast Second Quarter: $6.1 Billion Net Income, $4.5 Billion Of It From Other Nonoperating Gains
Operating income was $1,327 million on $22,930 million of revenue once the spun-off FedEx Freight is stripped out.
FedEx (FDX) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
Operating income was $1,327 million on $22,930 million of revenue once the spun-off FedEx Freight is stripped out.
SEC Filings
The refund obligation has grown from $749 million at May 31, and 14 class actions are pending, while FedEx says it cannot estimate the net impact.
Earnings
Adjusted earnings hit $3.74 a share in the quarter, while reported earnings fell to $1.21 on a $1.2 billion loss on the FedEx Freight stake.
SEC Filings
Jackson starts November 30, succeeding interim CFO Claude Russ, and gets $5 million in special stock to replace forfeited AutoZone awards.