Federal express (FedEx), is the world's second largest package delivery company, announced the second quarter profit fell 12% on Wednesday: because in its aviation network weaknesses and sandy Superstorm influence.
Along with the volume down and cost rise, storm shave 11 cents per share, quarterly earnings.
May the end of the fiscal year, the company maintain its forecast for large-scale cost cutting plan, to offset the calculation of global economic weakness. , including the important holiday season, in the current quarter to predict less than Wall Street expectations.
Fedex released the first quarter end of November, compared with the same period last year's $497 million, or $per share 57, revenue of $438 million, or $per share 39. According to a survey from the FactSet analyst at $1.41 a share, Wall Street expectations, below.
Income rose to $11.1 billion m $10.6 billion before, for the company reduced the operation, in order to better meet the demand, some raise interest rates. Analysts predict dollars, an income of $1.084 billion.
In the company's freight and ground operation of growth as a result, but federal express company in its core express network newspaper, "continued weakness". The division of revenue fell 33%. Federal express (FedEx) and of its larger rival UPS company see the consumer and enterprise choose slower transport options, in order to reduce the cost.
Fedex said on Wednesday said it expected that in the third quarter earnings will be $1.25 and $1.45 per share. Analysts believe that, according to the company forecast earnings per share 1.45 yuan.
The company also said it projected revenue between $6.20 and $6.60 per share, for this year may end any charges, but does not include from the company's purchase plan. Wall Street for $6.34.
Earlier this month, the federal express says it will provide more than two years of some employees leave, make money from next year. Voluntary repatriation program increase 1.7 billion yuan, three years to cut costs each year as part of an effort.




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