FedEx Corporation Q3 adjusted earnings Miss Estimates

(RTTNews) - FedEx Corporation (FDX) revealed a profit for third quarter that decreased from the same period last year.

The company's earnings totaled $315 million, or $1.20 per share.

This compares with $739 million, or $2.80 per share, in last year's third quarter.

Excluding items, FedEx Corporation reported adjusted earnings of $371 million or $1.41 per share for the period.

Analysts had expected the company to earn $1.43 per share, according to figures compiled by Thomson Reuters.

Analysts' estimates typically exclude special items.

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