FedEx Q2 earnings down big time
The company's bottom line totaled $560 million, or $2.13 per share. This compares with $935 million, or $3.51 per share, in last year's second quarter.
Excluding items, FedEx Corporation reported adjusted earnings of $0.66 billion or $2.51 per share for the period.
The company's revenue for the quarter fell 2.8% to $17.3 billion from $17.8 billion last year. ■