Reports Q1 revenue $15.3B, consensus $15.35B. The Q1 adjusted EPS reflects the estimated negative impact of the June 27 cyberattack affecting TNT Express of 79c per diluted share, and Hurricane Harvey of 2c per diluted share.
"Q1 posed significant operational challenges due to the TNT Express cyberattack and Hurricane Harvey, and I want to thank our team members for their extraordinary dedication and performance," said CEO Frederick Smith.
"We are confident of our prospects for long-term profitable growth, and we reaffirm our commitment to improve operating income at the FedEx Express segment by $1.2B to $1.5B in fiscal 2020 versus fiscal 2017."
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