Fedex Posts Quarterly Loss, Misses Wall Street Estimates - TheStreet.com

Fedex (FDX) reported earnings on Wednesday that fell short of analyst estimates. The company posted earnings of $2. 66 per share, missing estimates of $2. 68 per share. Overall, Fedex posted a net loss of $895 million for the fourth quarter. The company was hit by a number of special charges involving company pension costs and an on going lawsuit regarding the classification of delivery drivers as independent contractors. Fedex recently announced a deal with Dutch delivery company TNT Express worth around $4. 8 billion back in April. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details. Source: www.thestreet.com