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FedEx quarterly profit falls
September 19, 2017 / 8:24 PM / 3 months ago

FedEx quarterly profit falls

Sept 19 (Reuters) - Package delivery company FedEx Corp on Tuesday reported a lower quarterly net profit due to service disruptions following June’s Petya cyber attack on its Dutch delivery unit TNT Express and the impact of Hurricane Harvey.

The Memphis-based company reported net income for its fiscal first quarter ending Aug. 31 of $596 million or $2.19 per share, down more than 16 percent from $715 million or $2.65 per share a year earlier.

Reporting by Eric M. Johnson in Seattle; Editing by Matthew Lewis

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