MEMPHIS, Tenn. (AP) _ FedEx Corp. (FDX) on Thursday reported fiscal fourth-quarter net income of $558 million.
On a per-share basis, the Memphis, Tennessee-based company said it had profit of $2.13. Earnings, adjusted for non-recurring costs, came to $6.87 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $6.91 per share.
The package delivery company posted revenue of $24.39 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $24.28 billion.
For the year, the company reported profit of $3.83 billion, or $14.33 per share. Revenue was reported as $93.51 billion.
FedEx expects full-year earnings in the range of $22.50 to $24.50 per share.
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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 FDX at https://www.zacks.com/ap/FDX
