Fedex reports q4 loss per share $1.28

Fedex corp. reports fourth quarter and full-year earnings.fedex corp - not providing an earnings forecast for fiscal 2021.fedex corp - timing and pace of an economic recovery are uncertain..fedex corp qtrly loss per share $1.28.fedex corp - qtrly gaap revenue $17.4 billion versus $17.8 billion reported last year.fedex corp - will continue to manage network capacity, making adjustments as needed to align with volumes and operating conditions.fedex corp qtrly adjusted diluted eps $2.53.fedex corp - fedex will also remain focused on last-mile optimization.fedex corp - incurred approximate $125 million increase in operating costs related to personal protective equipment and medical/safety supplies in quarter.fedex corp - fedex ground will complete integration of fedex smartpost packages into standard fedex ground operations by peak season..fedex corp - virtually all revenue & expense line items were affected by covid-19 pandemic during quarter.fedex corp qtrly commercial volumes were down significantly due to business closures across globe.fedex corp - capital expenditures for fiscal 2021 are targeted to be approximately $4.9 billion.fedex corp - does not anticipate making contributions to its tax-qualified u.s. domestic pension plans during fiscal 2021.fedex - operating results in quarter were negatively affected by one fewer operating weekday, increased costs to expand services, higher bad debt expense.
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