India, June 24 -- FedEx Corporation (FDX) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $1.65 billion, or $6.88 per share. This compares with $1.47 billion, or $5.94 per share, last year.
Excluding items, FedEx Corporation reported adjusted earnings of $1.46 billion or $6.07 per share for the period.
Analysts on average had expected the company to earn $5.86 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.5% to $22.2 billion from $22.1 billion last year.
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FedEx Corporation earnings at a glance (GAAP) :...