Perhaps the best thing that can be said about FedEx Corp.’s fiscal 2022 first-quarter results is that no one who follows the company can be blindsided by them or the reasons behind them.
The Memphis, Tennessee-based delivery company (NYSE:FDX) posted quarterly earnings per share of $4.37, which were adjusted by 27 cents per share in business realignment costs and ongoing integration expenses related to the 2016 acquisition of Dutch delivery company TNT Express LLC. The total adjusted results...
https://www.freightwaves.com/news/fedex-bottom-line-strains-under-by-cost-pressures