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FedEx Q4 loss $334 million

Christian Fernsby |
FedEx reported fourth quarter loss of $334 million compared with last year's loss of $1.97 billion.

Topics: FEDEX   

Adjusted earnings for the quarter were $2.53 per share, down from $5.01 per share last year.

Revenues for the quarter dropped to $17.4 billion from $17.8 billion last year.

Looking forward, FedEx said it is not providing an earnings forecast for fiscal 2021 as the timing and pace of an economic recovery are uncertain.

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