FedEx Corp. reported Wednesday that its fourth-quarter earnings beat analysts' expectations.
The Memphis, Tenn., shipping company saw earnings per share of $2.46, up from $0.95 per share in the year ago quarter. Revenue for the three months ended May 31 was up 4 percent, to $11.8 billion, compared to $11.4 billion a year ago.
Analysts were expecting earnings per share of $2.36 on $11.66 billion in revenue, according to Thomson Reuters.
“An outstanding fourth quarter helped FedEx post solid results for fiscal 2014, and we believe we are well positioned for a strong fiscal 2015,” said Frederick W. Smith, FedEx chairman, president and CEO.
The FedEx Ground unit, based in Moon, posted revenue of $3.01 billion, up 8 percent year-over-year. FedEx Ground's operating income was up 5 percent, to $586 million. Its operating margin was 19.5 percent.
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