MEMPHIS (dpa-AFX) - FedEx Corporation (FDX) revealed a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $1.47 billion, or $5.94 per share. This compares with $1.54 billion, or $6.05 per share, in last year's fourth quarter.
Excluding items, FedEx Corporation reported adjusted earnings of $1.34 billion or $5.41 per share for the period.
Analysts on average had expected the company to earn $5.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.9% to $22.1 billion from $21.9 billion last year.
FedEx Corporation earnings at a glance (GAAP) :
-Earnings (Q4): $1.47 Bln. vs. $1.54 Bln. last year. -EPS (Q4): $5.94 vs. $6.05 last year. -Revenue (Q4): $22.1 Bln vs. $21.9 Bln last year.
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