- FedEx (NYSE:FDX) reports operating margin held steady at 9.3% in FQ1.
- Revenue growth by segment: Ground +12% to $4.29B, Freight +4% to $1.66B, Express +0.1% to $6.66B, TNT Express flat at $1.4B,
- Management says the TNT Express integration is "proceeding smoothly" and those costs came in line with expectations.
- The company sees adjusted FY17 EPS of $11.85 to $12.35 vs. $11.97 consensus. Capex spending of $5.6B is anticipated.
- Previously: FedEx beats by $0.12, beats on revenue (Sept. 20)
- FDX +1.11% AH to $164.45.