FedEx Corporation Q4 Profit Decreases, But Beats Estimates

(RTTNews) - 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.