Investing.com - Global shipping giant FedEx (NYSE:FDX) reported better than expected fiscal fourth quarter earnings and revenue figures early Wednesday, sending its shares higher in pre-market trade.
FedEx said earnings per share came in at $2.46, above expectations for earnings of $2.36 per share. The company’s fourth quarter revenue totaled $11.8 billion, beating forecasts for revenue of $11.6 billion.
“An outstanding fourth quarter helped FedExpost solid results for fiscal 2014, and we believe we are well positioned for a strong fiscal 2015,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer.
For fiscal 2015, FedEx projects earnings to be $8.50 to $9.00 per diluted share. The outlook assumes no net year-over-year fuel impact and continued moderate economic growth.
Following the release of the report, shares in FedEx jumped 3.5% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets remained mixed. The Dow futures indicated a loss of 0.05% at the open, the S&P 500 pointed to an increase of 0.04%, while the Nasdaq 100 indicated a rise of 0.1%.