FedEx: Raising of annual objectives


(CercleFinance.com) – On the occasion of its quarterly publication, FedEx announced on Thursday evening that it was raising its adjusted EPS target range for its entire 2021-22 financial year to between 18.60 and 19.60 dollars, compared at $18.25-19.25 in previous estimates.

For its third accounting quarter, the logistics and courier group unveiled adjusted EPS of $4.59 per share, against $3.47 a year earlier, and adjusted operating profit up 37% to 1, 46 billion.

Its adjusted operating margin thus improved by 1.3 points to 6.2%, boosted in particular by higher revenue per delivery and milder winter weather than a year earlier, for revenue growth of nearly 10% to 23.6 billion.

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