FedEx Corporation Q1 adjusted earnings Miss Estimates

(RTTNews) - FedEx Corporation (FDX) announced a profit for its first quarter that advanced from last year.

The company's earnings came in at $835 million, or $3.10 per share. This compares with $596 million, or $2.19 per share, in last year's first quarter.

Excluding items, FedEx Corporation reported adjusted earnings of $933 million or $3.46 per share for the period.

Analysts had expected the company to earn $3.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.8% to $17.1 billion from $15.3 billion last year.

FedEx Corporation earnings at a glance:

-Earnings (Q1): $933 Mln. vs. $683 Mln. last year. -EPS (Q1): $3.46 vs. $2.51 last year. -Analysts Estimate: $3.82 -Revenue (Q1): $17.1 Bln vs. $15.3 Bln last year.