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FedEx Corporation Q3 adjusted earnings Miss Estimates

FedEx Corporation (FDX) released earnings for third quarter that declined from the same period last year.

The company's earnings came in at $739 million, or $2.80 per share. This compares with $2074 million, or $7.59 per share, in last year's third quarter.

Excluding items, FedEx Corporation reported adjusted earnings of $797 million or $3.03 per share for the period.

Analysts had expected the company to earn $3.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.9% to $17.01 billion from $16.53 billion last year.

FedEx Corporation earnings at a glance:

-Earnings (Q3): $797 Mln. vs. $1016 Mln. last year.
-EPS (Q3): $3.03 vs. $3.72 last year.
-Analysts Estimate: $3.11
-Revenue (Q3): $17.01 Bln vs. $16.53 Bln last year.

Full year EPS guidance: $15.10 to $15.90

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