MEMPHIS (dpa-AFX) - FedEx Corporation (FDX) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $1.65 billion, or $6.88 per share. This compares with $1.47 billion, or $5.94 per share, last year.
Excluding items, FedEx Corporation reported adjusted earnings of $1.46 billion or $6.07 per share for the period.
Analysts on average had expected the company to earn $5.86 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.5% to $22.2 billion from $22.1 billion last year.
FedEx Corporation earnings at a glance (GAAP) :
-Earnings: $1.65 Bln. vs. $1.47 Bln. last year. -EPS: $6.88 vs. $5.94 last year. -Revenue: $22.2 Bln vs. $22.1 Bln last year.
-Guidance: Next quarter EPS guidance: $3.40 to $4.00
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