FedEx Corp. Reports First Quarter Earnings
(WorldNews Business)

MEMPHIS, Tenn.--(BUSINESS WIRE)--Sep 17, 2019-- FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude TNT Express integration expenses as described below): Fiscal 2020 Fiscal 2019 Dollars in millions, except EPS As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $ 17,048 $ 17,048 $ 17,052 $ 17,052 Operating income $ 977 $ 1,048 $ 1,071 $ 1,192 Operating margin 5.7% 6.1% 6.3% 7.0% Net income $ 745 $ 800 $ 835 $ 933 Diluted EPS $ 2.84 $ 3.05 $ 3.10 $ 3.46 This year´s and last year´s quarterly consolidated results have been adjusted for TNT Express integration expenses of $71...