FedEx Corp.’s strong cost-reduction actions at its FedEx Ground U.S. delivery unit allowed the company to comfortably beat third-quarter estimates, raise full-year earnings per-share guidance and take the pressure off its lagging FedEx Express unit to quickly bring its costs under control.
FedEx (NYSE: FDX) reported adjusted earnings of $3.41 per share, which excluded 36 cents per share of restructuring costs. This is 70 cents above industry consensus, an achievement that surprised and pleased...
https://www.freightwaves.com/news/fedex-ground-game-got-the-job-done-in-q3