trending Market Intelligence /marketintelligence/en/news-insights/trending/SLfiXJbQOp3ZgvhxSP76iA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

FedEx reports higher Q2 earnings, raises 2018 forecast

Q2: U.S. Solar and Wind Power by the Numbers

Mining Exploration Insights – September 2020

Amid Pandemic, Airlines Forge a New Survival Metric: Daily Cash Burn

Industries Most and Least Impacted by COVID-19 from a Probability of Default Perspective – September 2020 Update

FedEx reports higher Q2 earnings, raises 2018 forecast

FedEx Corp. reported EPS of $2.84 for the second quarter of fiscal year 2018 ended Nov. 30, up from $2.59 a year ago, as net income rose to $775 million from $700 million.

The company's adjusted net income for the period increased to $866 million, or $3.18 per share, from $750 million, or $2.77 per share.

FedEx said its latest earnings reflect the estimated negative effects of the June 27 cyberattack on its TNT Express business.

The delivery services giant's reported revenue rose to $16.3 billion in the second quarter from $14.9 billion from a year earlier. Revenue from its express segment went up to $9.35 billion from $8.64 billion year over year. The ground segment's revenue increased 12% to $4.93 billion, while the freight segment's revenue climbed 10% to $1.76 billion.

FedEx CFO and executive vice president Alan Graf Jr. said the company expects to see improved results in the second half of its fiscal year.

For full fiscal 2018, FedEx is now projecting earnings to be $11.45 per share to $12.05 per share before year-end mark-to-market, or MTM, pension accounting adjustments. With adjustments, EPS is forecast to be $12.70 to $13.30.

The projected full-year EPS could increase by an estimated $4.40 to $5.50 before year-end MTM pension accounting adjustments if the U.S. government enacts its tax reform plans, the company said.

"We are increasing our fiscal 2018 forecast, due to enhanced revenue quality, solid demand trends and our success in restoring business impacted by this summer's cyberattack," Graf said.

In September, FedEx reported net income of $596 million, or $2.19 per share, for the first quarter ended Aug. 31, down from $715 million, or $2.65 per share, from the same quarter a year ago.