FedEx Q1 profit $835 million
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. ■