FedEx second quarter profit dropped 12%

According to foreign media reported in December 20th, FedEx as of November 30th second quarter profit dropped 12%. The company still did not cast off the weakness in the global economy brought adverse effect, among them, the EMS is particularly vulnerable.
FedEx second quarter profit of $438000000, with earnings per share of $1.39; the same period last year profit of $497000000, with earnings per share of $1.57. FedEx says, hurricane " Sandy " led to the quarter earnings fell 11 cents. The company estimated in September, second quarter earnings per share for 1.30-1.45 dollars, far lower than that expected by analysts.
At the same time, the second quarter revenue grew 4.9%, to $11110000000, higher than analysts expected $10840000000. Operating profit margin from 7.4% in the same period last year dropped to 6.5%.
FedEx is expected, the third fiscal quarter earnings per share of $1.25-1.45.
MYEX Fujian Asia International Express
2012-12-21