FDX FedEx Corp

   By Aisha Al-Muslim 
 

FedEx Corp. (FDX) reported its fourth-quarter results after the close of trading Tuesday. Here's what you need to know.

PROFIT: The Memphis, Tenn.-based package-delivery company reported net income for the quarter of $1.13 billion, or $4.15 a share, compared with $1.02 billion, or $3.75 a share, a year earlier. Adjusted earnings were $5.91 a share, beating the $5.71 a share analysts polled by Thomson Reuters were looking for. Net results include a $255 million net tax benefit from corporate structuring transactions and a $133 million tax benefit from foreign tax credits.

REVENUE: Revenue for the quarter rose 10% to $17.3 billion, ahead of the consensus forecast of $17.25 billion.

GUIDANCE: For fiscal 2019, the company guided revenue growth of about 9%, compared with $65.5 billion in fiscal 2018. The company also expects earnings per share of $17 to $17.60, compared with analysts' estimates of $17.47 a share. The company estimates capital spending of $5.6 billion, slightly down from $5.7 billion for fiscal 2018.

STOCK MOVE: The stock has risen 0.2% at $258.91 in after-hours trading Tuesday. Shares are up 22.5% in the last year.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

(END) Dow Jones Newswires

June 19, 2018 16:56 ET (20:56 GMT)

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