FedEx Freight | FedEx 3Q Profit Surges

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Big Joe
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March 22, 2012, 7:59 a.m. ET Wall Street Journal

For the quarter ended Feb. 29, FedEx reported a profit of $521 million, up sharply from a year-earlier profit of $231 million. Per-share earnings rose to $1.65 from 73 cents a year ago.

Stripping out items like costs tied to the combination of the company's FedEx Freight and FedEx National LTL operations, per-share earnings rose to $1.55 from 81 cents.

Revenue rose 9% to $10.56 billion.

Operating margin widened to 7.7% from 4.1%.

UPDATE: FedEx 3Q Profit Surges On Strong Holiday Shipping, Ground Business - WSJ.com
 
I'm glad that Fedex Corp. made a large profit, but the Freight segment lost one million dollars for the quarter, even though revenue was up from the same quarter last year.
 
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