MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Tuesday reported fiscal fourth-quarter earnings of $1.47 billion.
The Memphis, Tennessee-based company said it had profit of $5.94 per share. Earnings, adjusted for non-recurring gains, came to $5.41 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $5.34 per share.
The package delivery company posted revenue of $22.11 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $22.12 billion.
For the year, the company reported profit of $4.33 billion, or $17.21 per share. Revenue was reported as $87.69 billion.
FedEx expects full-year earnings in the range of $20 to $22 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
