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EFE. Nueva York, USA. FedEx earned $ 894 million (2.82 per share) in the first nine months of its fiscal year, representing an increase of 17% year it achieved although in recent months was affected by higher crude oil and unusual weather in the U.S.



The second largest courier company in the world explained yesterday, before the opening of the New York Stock Exchange, its revenue increased 14% over the first nine months of last year and reached 28 thousand 752 million dollars.



"The progressive growth of the global economy is generating solid revenue increases in our transportation business," concluded the president and CEO of FedEx, Frederick Smith, in a statement presenting the results.



However, only in the third fiscal quarter (December-February), the company saw its profit fell 3% year on year to $ 231 million (73 cents per share), although its quarterly revenue rose by 11% and reached 9.663 million dollars.



Looking at the final stage of its fiscal year (March-May), the company estimates it could earn entity 1.66 and 1.83 per share, exceeding the forecasts it had analysts.



"We expect strong demand for our services boost financial results for the fourth quarter," said Smith.



However, for the full year declined to lower their estimates FedEx and leave between 4.83 to 5.00 dollars per share (from the fork of 5.00 and 5.30 dollars previously announced), fearing that the rising oil prices continue to raise their costs and that instability in the Middle East reduce their activity.



In electronic transactions taking place before the opening of the New York Stock Exchange, shares of the company rose sharply messaging and appreciated 5.2% against 8.31% which have fallen so far this year.



FedEx provides access to a global market through a network of transportation, supply chain, trade and related information services.



Source: La Prensa.com