Pension charge leads to 5 million FedEx quarterly loss
An accounting change that cost FedEx $2.2 billion cut deep into the company’s earnings to produce an $895 million loss in the fourth quarter of the company’s fiscal year.
Adjusted for that $2.2 billion pre-tax charge, FedEx net profit would have been $753 million, compared with a $730 million net profit…
Pension charge leads to 5 million FedEx quarterly loss
Journal of Commerce