FedEx Reaffirms FY15 Earnings Outlook

(RTTNews) - FedEx Corp. (FDX) on Friday reaffirmed its fiscal 2015 earnings forecast of $8.50 to $9.00 per share.

The outlook assumes continued moderate economic growth and a modest net benefit from fuel, the company asid in a statement.

Analysts polled by Thomson Reuters expected the company to earn $8.97 per share forthe fiscal year 2015.

FedEx's affirmation of its annual earnings forecast follows United Parcel Service, Inc.'s (UPS) warning of a fourth quarter earnings miss and lowering of its full year 2014 earnings outlook. Earlier Friday, UPS said it expects fourth quarter adjusted earnings per share of about $1.25. Analysts expect the company to report profit per share of $1.47 for the quarter. Analysts' estimates typically exclude special items.

UPS now expects full-year 2014 adjusted earnings per share to be $4.75, down from its prior forecast of $4.90 to $5.00 per share. Analysts expect the company to report full year earnings per share of $4.96.