FedEx reports a $464 million net profit in the fiscal first quarter

FedEx Express Boeing 777-FS2 N853FD (msn 37724) ANC (Brian McDonough), originally uploaded by Airliners Gallery.

FedEx Corporation (Memphis) reported earnings of $1.46 per diluted share for the fiscal first quarter ending on August 31, compared to $1.20 per diluted share a year ago, a year-over-year increase of 22%.

FedEx Corporation reported the following consolidated results for the first quarter:

• Revenue of $10.52 billion, up 11% from $9.46 billion the previous year.

• Operating income of $737 million, up 17% from $628 million last year.

• Operating margin of 7.0%, up from 6.6% the previous year.

• Net income of $464 million, up 22% from last year’s $380 million.

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Copyright Photo: Brian McDonough.