FedEx posts loss due to pension accounting modifications

FedEx posts loss due to pension accounting changes

CHICAGO (Reuters) – Bundle delivery company FedEx Corp (N:-RRB- on Tuesday reported a quarterly loss, mentioning mark-to-market pension modifications and expenditures in regarded to its acquisition of Dutch package delivery company TNT. The Memphis-based business published a loss for its financial 4th quarter ending May 31 of $70 million, or 26 cents per share, an enhancement over the loss of $895 million, or $3.16 per share, it posted a year earlier. Disclaimer: Blend Media would like to remind you that the data consisted of in this website is not always real-time nor precise. All CFDs (stocks, indexes, futures) and Forex costs are not offered by exchanges but rather by market makers, therefore prices may not be accurate and may differ from the real market value, meaning costs are a sign and not appropriate for trading functions. For that reason Blend Media does n`t bear any duty for any trading losses you may sustain as a result of utilizing this data. Fusion Media or anybody involved with Blend Media will decline any liability for loss or damage as a result of dependence on the info consisting of data, quotes, charts and buy/sell signals contained within this site. Please be fully informed regarding the dangers and costs associated with trading the monetary markets, it is among the riskiest financial investment kinds possible.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *