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FedEx Q2 earnings down big time

Christian Fernsby |
FedEx Corporation released earnings for second quarter that fell from the same period last year.

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Topics: FEDEX   

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.

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