FedEx Corporation Lowers Guidance, but Execution Remains Solid
By now, most investors know that FedEx Corporation (NYSE: FDX) was hit by a malware attack earlier this year. The impact was significant, with a $300 million income hit to FedEx's newly acquired TNT Express business.
With that in mind, let's take a broad-based view at FedEx's fourth-quarter earnings.
TNT Express is now included within the FedEx express segment, so I've used the adjusted figures in the table. The reported express numbers include $88 million in TNT Express integration expenses.
Source: Fool.com
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