Memphis (dpa-AFX)-The US logistics group Fedex has started better than expected. In the three months to the end of August, sales rose from 21.6 billion to $ 22.2 billion (around 18.7 billion euros), as the company announced on Thursday in Memphis. The adjusted operational result improved from $ 1.2 to $ 1.3 billion. The DHL (DHL Group (Ex Deutsche Post)) competitor benefited from a robust domestic package business and cost cuts. Analysts had expected less in advance.
The bottom line was that Fedex made a profit of $ 820 million and a little more than in the previous year. A one -off earnings tax burdened. The adjusted result per share improved significantly from 3.60 to $ 3.83, which was also over the market expectations. The share then won almost eight percent in the post-excessive US trade.
Fedex expects sales growth of four to six percent for the 2025/26 financial year. The company sees the adjusted result per share in a wide range of $ 17.20 to $ 19. So far, analysts have $ 18.25 on the note
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