While speaking at the Baird Global Industrial Conference, executives from FedEx (FDX) stated: “By way of specific update, also in September, we said there would be sequential improvement from Q1 to Q2. I can update that. Not only do we expect that sequential improvement from Q1 to Q2, but also a year-over-year improvement. From the $4.05 on a year-over-year, that’s by way of update. We also shared in September that we expected to maintain or improve margin at FEC, and we expect that to be on the improvement side for FEC on a quarter-over-quarter basis. Our comments with regard to freight are in line. Freight’s under pressure. There will be some margin contraction at freight consistent with what’s happening in the industry.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX:
- FedEx sees sequential improvement from Q1 to Q2, y/y improvement
- FAA announced EAD sent to operators of MD-11, MD-11F airplanes
- Boeing advises operators of MD-11 Freighter to suspend flight operations
- FedEx says made ‘necessary operational modifications’ to meet FAA directive
- FedEx price target raised to $280 from $250 at Wells Fargo