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FedEx Q1 profit $835 million

Staff Writer |
FedEx first-quarter profit rose to $835 million or $3.10 per share from $596 million or $2.19 per share last year.

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Adjusted earnings for the quarter were $3.46 per share, up from $2.51 per share last year. On average, 22 analysts polled by Thomson Reuters expected earnings of $3.82 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $17.1 billion from $15.3 billion last year. Wall Street analysts had a consensus estimate of $16.88 billion.

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