MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Thursday reported fiscal second-quarter profit of $956 million.
The Memphis, Tennessee-based company said it had profit of $4.04 per share. Earnings, adjusted for non-recurring costs, came to $4.82 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.07 per share.
The package delivery company posted revenue of $23.47 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $22.86 billion.
FedEx expects full-year earnings in the range of $17.80 to $19 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
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