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FedEx Corp. (FDX) - Get FedEx Corporation Report  did its part to please Wall Street.

The Memphis, Tenn.-based company reported net income of $1.13 billion, or $4.15 on a per-share basis. Adjusted earnings of $5.91 per share beat analysts' expectations of $5.70. Revenue of $17.3 billion came out slightly ahead of estimates calling for $17.22 billion, according to FactSet Research Systems.

The fourth-quarter results include a $255 million tax benefit, or 94 cents per share, from the ongoing integration of FedEx Express and TNT Express as well as a benefit of $133 million, or 49 cents per share, from "foreign tax credits associated with distributions to the U.S. from the company's offshore operations," the company said.

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For the full year, the package shipping giant reported adjusted earnings of $15.31 on revenue of $65.5 billion, topping estimates.

FedEx expects 2019 adjusted earnings between $17 and $17.60 per share, and is targeting revenue growth of 9% along with capital spending of $5.6 billion. 

Shares of FedEx rose 0.2% to $259.00 in after-hours trading. The stock closed at $258.39, down about 2%, as fears of a trade war between the U.S. and China prompted a market selloff.

FedEx Chief Executive Frederick Smith addressed the worries over trade during a conference call with analysts, saying that he is concerned about threats that manage the free flow of goods among countries.

"Trade is a two-way street, and FedEx support lowering trade barriers, not raising them," Smith concluded.