Otherwise, earnings would have totaled 3 cents a share in each quarter.

In last year's third quarter, profits totaled $65.2 million, or 57 cents a share.

Earnings for 1988 totaled $1.7 million, or 3 cents a share, on revenues of $3.6 billion.

Its loss from continuing operations totaled $102 million, or 30 cents a share.

The company said earnings in the third quarter totaled $18 million, or 20 cents a share.

A year earlier, profits from operations totaled $786 million, or 38 cents a share.

In the 1987 quarter, the company's net income totaled $115.7 million, or 62 cents a share.

On an annual basis, the dividends now total 36 cents a share.

In the period last year, one-time charges totaled 30 cents a share.

Federal Express said last week that its earnings totaled $37.5 million, or 71 cents a share, on revenue of $1.99 billion.