FedEx exceeds expectations in 3Q, net income up 146% to $239 million

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FedEx Corporation (Memphis) today reported the following consolidated results for the third quarter exceeding expectations:

  • Revenue of $8.70 billion, up 7% from $8.14 billion a year ago
  • Operating income of $416 million, up 129% from $182 million last year
  • Operating margin of 4.8%, up from 2.2% the previous year
  • Net income of $239 million, up 146% from last year’s $97 million

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