Date: Friday December 23, 2005 10:26:00 am
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FedEx reports on Q2
December
2005 – Memphis (TN): FedEx Kinko’s has reported a one per cent rise in
Q2 revenue although operating income dropped 45 per cent due to decline
in copy product line revenues and costs associated with internal tech
enhancements and product offering initiatives.
Revenue reached
$528 million compared to $524 million a year earlier. Operating income
was $16 million, down from $29 million a year earlier.
FedEx as a
whole reported a 33 per cent jump in net income to $471 million (£270
million), or EPS of $1.53, from last year’s $354 million, or EPS of
$1.15.
Revenue grew 10 per cent to $8.09 billion from $7.33 billion in the same period in 2005.
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