FedEx CEO Discusses F1Q2011 Results - Earnings Call Transcript
See link above for transcript of the earnings call. Looks like FedEx's fiscal year ends May 31, so the transcript above would be for June, July, August, which is the first quarter in fiscal year 2011.
The paragraph below is from this page on the fedex website: http://ir.fedex.com/financials-KeyRatios.cfm.
For the year ended May 31, 2010, FedEx Corporation's revenues declined 2% to $34.7 billion. In the first half of the fiscal year, earnings were down year over year, but in the second half, major global economies began emerging from the recession and FedEx's volumes grew accordingly. The company finished the year strong with net income of $1.2 billion, and the company's share price rose by more than 50% over the course of the fiscal year, outpacing the S&P 500, the Dow Jones Industrial Average and the Dow Jones Transporation Average.
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