FedEx Freight | FedEx Corp. Reports Third Quarter Results

[SwampRatt]

FedEx Corp. Reports Third Quarter Results

https://seekingalpha.com/filing/4411122

Full report above. "Freight" numbers below:

Three Months Ended February 28 (Dollars in millions)

Revenue
2019 / 2018
$1,750 / $ 1,613

Total Operating Expenses
2019 / 2018
$1,653 / $1,564

Operating Income
2019 / 2018
$97 / $49

Operating Margin
2019 / 2018
5.5% / 3.0%

 

[SwampRatt]

FedEx Q3 2019 Earnings Conference Call Transcript

https://www.fool.com/earnings/call-...poration-fdx-q3-2019-earnings-conference.aspx

Alan Graf -- Executive Vice President and Chief Financial Officer

"We had some mix and yield issues at Express and Express is the issue. It's not Ground or Freight."

 

[Boats n hoes]

So we are at a 5.5% op margin with 1 quarter to go. Let's say we stay around that 5.5 op margin for next quarter what does that translate into 3% bonus?

 

[SwampRatt]

So we are at a 5.5% op margin with 1 quarter to go. Let's say we stay around that 5.5 op margin for next quarter what does that translate into 3% bonus?

 

[Boats n hoes]

I think historically 4th quarter is greater than 5% almost every year

 

[The Point]

I think it was about 9.5% for Q4 last year so double digits should be in order with just a slight increase YOY.