There's no moss growing on your neighborhood FedEx
If you doubted FedEx anyway, today's announcement of increased earnings ought to convince you to look again. The firm now expects to post fourth-quarter earnings of $1.36 per share, including a $0.04, one-time tax benefit, and $0.01 in restructuring costs. That tally compares very favorably to the $0.92 per share earned in the prior-year quarter -- a 48% jump -- or the $1.25-ish results that management had looked for earlier in the year.
Anyone who's been watching the company might have seen this coming. I myself was wowed by the solid revenue increases and margin improvement that drove last quarter's impressive growth.
Now that this has become such a habit with FedEx, I was about to write something clever like, "Maybe this should be a Motley Fool Stock Advisor pick." Turns out I haven't been paying close enough attention. It is a Stock Advisor pick, and has been since February of 2003. Heck, if you had dawdled until March, you'd still be looking at a 46% gain to today, 10 points better than the S&P 500's advance over the same period.
Is it worth taking the leap now? Well, compared to larger competitor UPS
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