FedEx: Q3 Earnings Snapshot

MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Wednesday reported third-quarter earnings of $290 million.

On a per-share basis, the Memphis, Tennessee-based company said it had profit of $1.21. Earnings, adjusted for one-time gains and costs, came to $3.74 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.24 per share.

The package delivery company posted revenue of $22.86 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $22.34 billion.

FedEx expects full-year earnings in the range of $18 to $18.60 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FDX at https://www.zacks.com/ap/FDX