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FedEx beats on Q4 earnings, revenue, shares up 3.5% in pre-market

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Investing.com -

Investing.com - Global shipping giant FedEx (NYSE:FDX) reported better than expected fiscal fourth quarter earnings and revenue figures early Wednesday, sending its shares higher in pre-market trade.

FedEx said earnings per share came in at $2.46, above expectations for earnings of $2.36 per share. The company's fourth quarter revenue totaled $11.8 billion, beating forecasts for revenue of $11.6 billion.

"An outstanding fourth quarter helped FedExpost solid results for fiscal 2014, and we believe we are well positioned for a strong fiscal 2015," said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer.

For fiscal 2015, FedEx projects earnings to be $8.50 to $9.00 per diluted share. The outlook assumes no net year-over-year fuel impact and continued moderate economic growth.

Following the release of the report, shares in FedEx jumped 3.5% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets remained mixed. The Dow futures indicated a loss of 0.05% at the open, the S&P 500 pointed to an increase of 0.04%, while the Nasdaq 100 indicated a rise of 0.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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