FedEx had a terrific quarter with 10% growth year over year with revenue growth in every line of its business. Overall the company looks stronger than ever. it also raised guidance for the year to a range between 5.25 to 5.5. The competition from DHL doesn’t look as threatening amost defected customers has returned. Its global business looks great with new overnight delivery between China and India has begun. The affect of Katrina is minimal and has restored all operation to the region. The fuel price is manageable if the oil does not exceed to $100 a barrel. The stock surge 6pt on this earnings release and I believe there are more upside to go with this stock.

This entry was posted on Thursday, September 22nd, 2005 at 2:32 pm and is filed under Stock. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.