Ok if you take $1.13B and add $891M we would have made the EXACT SAME PROFIT as last year! I understand that economic times are hard (domestic is down) but we made the same as last year but the Kinko's to FDX Office cost made the difference. Does anyone know if the money allocated for the B757 and B777 came out of last year's profits?
Full Year Results
FedEx Corp. reported the following consolidated results for the full year:
* Revenue of $38.0 billion, up 8% from $35.2 billion the previous year
* Operating income of $2.08 billion, down 37% from $3.28 billion last year
* Net income of $1.13 billion, down 44% from last year’s $2.02 billion
* Earnings per share of $3.60, down 44% from $6.48 per share a year ago