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Stock Alert: FedEx Shares Up 11% In Early Trade On Strong Q4

Shares of the package delivery giant FedEx Corp. (FDX) are rising over 11% in pre-market today, after the company reported better-than-expected Q4 results.

The stock has been trading in the range of $88.69 - $178.50 for the past one year, and closed Tuesday's trade at $140.22, up $5.67 or 4.21%. FDX is currently trading at $156.69, up $16.59 or 11.84% in the pre-market session.

The company's Q4 GAAP net loss narrowed to $334 million or $1.28 from the previous year's loss of $1.97 billion or $7.56 per share.

Adjusted earnings totaled $2.53 per share, down from $5.01 per share last year. On average, 21 analysts polled by Thomson Reuters expected earnings of $1.52 per share. Analysts' estimate typically exclude certain special items.

Revenues dropped to $17.4 billion from $17.8 billion last year. Wall Street analysts had a consensus estimate of $16.49 billion.

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