FedEx said it expects to add more than 50,000 employees to handle peak season volume between Thanksgiving and Christmas. Executive vice president
For the fiscal quarter ended Aug. 31, the Memphis-based company had unadjusted earnings of $715 million, or $2.65 a share, up 3.3% from $692 million, or $2.42 a share, for the same quarter same quarter last year. On an unadjusted basis, FedEx reported $2.90 a share, beating the analysts' consensus estimate of $2.82.
The company cited higher volume at
The earnings were adjusted for about 25 cents a share in non-recurring cost items related to the integration of recently acquired European company
"The integration of TNT Express is proceeding smoothly, and the level of team members' engagement is outstanding," said FedEx chairman Frederick Smith in a statement. "Managing our operating companies as a portfolio of customer solutions helped FedEx achieve strong financial and operating results in the quarter, especially given the global economy's continued low growth."
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