Fedex corp reports q2 earnings per share of $2.13

. reports second quarter results.sees fy 2020 earnings per share $9.10 to $10.35.qtrly earnings per share $2.13.qtrly adjusted earnings per share $2.51.qtrly gaap revenue $17.3 billion versus $17.8 billion.q2 earnings per share view $2.76, revenue view $17.58 billion -- refinitiv ibes data.fedex - fiscal 2020 is year of continued significant challenges & changes for co, particularly in quarter just ended due to compressed shipping season.forecast fedex ground operating margins to rebound to teens in q4.fedex - later timing of thanksgiving holiday resulted in shifting of cyber week into december, which negatively impacted quarter's results.in quarter, fedex express recorded asset impairment charges of $66 million ($50 million, net of tax, or $0.19 per diluted share).qtrly operating results declined due to weak global economic conditions, higher fedex ground costs, loss of business from large customer.fedex - in quarter, fedex express recorded asset impairment charges related to permanent retirement of 10 airbus a310-300 aircraft & 12 related engines.during remainder of fiscal 2020, fedex express will make further network capacity changes by reducing flight hours."continues to evaluate if additional aircraft retirements are warranted".fedex sees 2020 earnings per share $10.25 to $11.50 before year-end mtm retirement plan accounting adjustment, excluding. tnt express expenses, aircraft impairment charges.
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