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FedEx Corporation Q1 adjusted earnings Beat Estimates

FedEx Corporation (FDX) released a profit for its first quarter that rose from the same period last year.

The company's profit came in at $1.25 billion, or $4.72 per share. This compares with $0.75 billion, or $2.84 per share, in last year's first quarter.

Excluding items, FedEx Corporation reported adjusted earnings of $1.28 billion or $4.87 per share for the period.

Analysts had expected the company to earn $2.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.5% to $19.3 billion from $17.0 billion last year.

FedEx Corporation earnings at a glance:

-Earnings (Q1): $1.28 Bln. vs. $0.80 Bln. last year.
-EPS (Q1): $4.87 vs. $3.05 last year.
-Analysts Estimate: $2.69
-Revenue (Q1): $19.3 Bln vs. $17.0 Bln last year.

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