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Showing posts with the label Despite

Despite local unit's success, FedEx suffers decline

FedEx's Moon-based Ground unit is pulling the rest of the company out of the drink. But even with Ground's revenue up by $270 million, or 11 percent from the third quarter of last year, there is only so much that portion of the business can do for the rest. FedEx's third quarter revenues, reported Wednesday, were down so severely that even the Wall Street analysts who watch the Memphis, Tenn.-based company for a living didn't foresee the decline. The company reported earnings of $1.13 per share, or 32 percent below last year's third quarter earnings of $1.65. Excluding one-time items, earnings came in a $1.23 per share. A Thompson-Reuters poll of analysts had expected, on average, earnings per share of $1.38, with the lowest prediction at $1.30. Net income in the third quarter was $361 million, down by 31 percent from $521 million in the same quarter last year, even as total revenues rose by 4 percent from $10.56 billion to $10.95 billion. In other words, the compa

Despite Crash Daytona NASCAR 500 Race Is still On

Nascar Crash Visuals Fans feeling unsafe as soon as the horrific crash at Daytona International Speedway can change seats for NASCAR's biggest race. Track President Joie Chitwood said Sunday workers successfully repaired an area of fence -- 54 feet wide and 22 feet high -- that's shredded Saturday when Kyle Larson's car went airborne on the final lap of a second-tier race and crashed from the barrier that separates cars from fans. Large bits of debris, such as a tire, sprayed into the upper and lower section of the stands. The crash injured over 30 people, raising more questions about fan safety at race tracks. Halifax Health spokesman Byron Cogdell said seven people with crash-related injuries remained hospitalized Sunday in Daytona Beach in stable condition. The six people exposed to an alternative Halifax hospital in Port Orange with crash-related injuries had all been discharged by Sunday morning, Cogdell said. A spokeswoman at Florida Memorial Clinic may not rele