MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Freight Holding Company Inc. (FDXF) on Thursday reported profit of $147 million in its third quarter.
The Memphis, Tennessee-based company said it had net income of 98 cents per share. Earnings, adjusted for non-recurring costs, were $1.49 per share.
The less-than-truckload shipping business spun off from FedEx Corp. posted revenue of $2.44 billion in the period.
For the current quarter ending in December, FedEx Freight expects its per-share earnings to range from 65 cents to 75 cents.
The company said it expects revenue in the range of $2.3 billion to $2.37 billion for the fiscal fourth quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FDXF at https://www.zacks.com/ap/FDXF
