UPDATE: FedEx Corp. Reports Higher Q4 Earnings

FedEx Corp. FDX today reported earnings of $1.75 per diluted share for the fourth quarter ended May 31, compared to $1.33 per diluted share a year ago, a year-over-year increase of 32%. FedEx Corp. reported the following consolidated results for the fourth quarter:

• Revenue of $10.55 billion, up 12% from $9.43 billion the previous year

• Operating income of $888 million, up 28% from $696 million last year

• Operating margin of 8.4%, up from 7.4% the previous year

• Net income of $558 million, up 33% from last year’s $419 million