MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Thursday reported fiscal third-quarter profit of $909 million.
On a per-share basis, the Memphis, Tennessee-based company said it had net income of $3.76. Earnings, adjusted for non-recurring costs, were $4.51 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.65 per share.
The package delivery company posted revenue of $22.16 billion in the period, topping Street forecasts. Nine analysts surveyed by Zacks expected $21.89 billion.
FedEx expects full-year earnings in the range of $18 to $18.60 per share.
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