More on FedEx's (FDX) FQ3: A "very challenging" quarter was impacted by weakness in air freight...

|About: FedEx Corporation (FDX)|By:, SA News Editor

More on FedEx's (FDX) FQ3: A "very challenging" quarter was impacted by weakness in air freight markets and yield pressure due to industry overcapacity. International revenue came in $100M below guidance as customers opted for lower-yielding services. A focus moving forward will be to replace older less-efficient aircraft and manage traffic flow in Asia to boost profitability. The company sees Q4 EPS of $1.90-$2.10 vs. $2.13 consensus and $6.00-$6.20 vs. $6.35 consensus for FY13. A 10M share buyback is approved. FDX -3.2% premarket. (PR)