Home Facts industry

FedEx raised its profit forecast, said the region contributed significantly to the

FedEx raised its profit forecast, said the region contributed significantly to the

Write: Shelah [2011-05-20]

Global express delivery giant - Federal Express 26, issued a notice to a close on August 31 in the first quarter EPS (earnings per share) from the previous forecast range of 0.85-1.05 U.S. dollar rose to 1.05-1.25 adjusted dollars, higher than the Thomson Reuters I / B / E / S analyst forecast of 1.01 U.S. dollars to visit.

FedEx raised its profit expectations for action, shows clearly express to benefit from economic recovery.

Biaoshi company spokesman Jess Bunn, Global Asia Regional Product De-related high-tech electronic products and spare parts needs, anticipated to drive Lianbang Express "International Priority" Express Fuwuyewu Liang growth of 20% in the first quarter, the service Zui fast or overnight delivery of goods in different countries. The last quarter of the volume of business increased by 23%.

Bunn pointed out that the recovery period after the recession, corporate customers rely heavily on the high-end services, as they begin to rebuild stocks on the one hand, but on the other hand still want to maintain the stock at lower levels, the birth of the goods, fast moving needs.

In addition, FedEx has decided to resume on January 1 employee 401 (k) plans pay part of the company. Economic recession, the company has canceled that part of the funds released as a cost-control measures.