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FedEx Q1 earnings

Christian Fernsby |
FedEx announced earnings for first quarter that decreased from the same period last year.

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The company's earnings came in at $1.11 billion, or $4.09 per share. This compares with $1.25 billion, or $4.72 per share, in last year's first quarter.

Excluding items, FedEx Corporation reported adjusted earnings of $1.19 billion or $4.37 per share for the period.

The company's revenue for the quarter rose 14.0% to $22.0 billion from $19.3 billion last year.

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