FedEx has strong adjusted third quarter earnings

FedEx Corp. (NYSE: FDX) has reported adjusted earnings of USD2.51 per diluted share for the third quarter ended February 29, compared to adjusted earnings of USD2.03 per diluted share a year ago, the company said.

Without adjustments, FedEx reported earnings of USD1.84 for the third quarter compared to USD2.18 per diluted share last year.

This year´s quarterly consolidated earnings have been adjusted for expenses related to certain legal matters (USD0.61 per diluted share) and the pending acquisition of TNT Express (USD0.06 per diluted share).

FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD49 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.