FedEx (FDX), the world's second-largest shipping company reported earnings Wednesday of $1.33 per diluted share for the fourth quarter ended May 31, narrowly beating estimates.

Analysts expected FedEx to report fiscal-fourth quarter earnings of $1.32 a share, according to data from Thomson Reuters. That's more than double the 64 cents a share booked in the prior-year period and at the higher end of management's guidance of $1.17 to $1.37 a share. Revenue estimates were expected to show growth of 15% to $9.04 billion from $7.85 billion a year ago.

CEO Frederick W. Smith said "We ended our fiscal year a stronger company, and I am confident FedEx is very well positioned for future revenue and earnings growth."

Read more about FedEx's earnings.

Increase your money and finance knowledge from home

Small Cap Investing

Learn now to invest in small companies the right way.

View Course »

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

Add a Comment

*0 / 3000 Character Maximum