US package delivery firm FedEx on Tuesday reported a profit for its fourth quarter that decreased from the same period last year but surpassed predictions.
The company's earnings totalled $1.47 billion, or $5.94 per share. This compares with $1.54 billion, or $6.05 per share, in last year's fourth quarter.
Excluding items, FedEx Corporation reported adjusted earnings of $1.34 billion or $5.41 per share for the period.
The company's revenue for the quarter rose 0.9% to $22.1 billion from $21.9 billion last year.