FedEx Raises Earnings Outlook

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FedEx Corp., Memphis, TN, raised its fourth-quarter earnings outlook last week after experiencing strong demand for domestic and international services.

The company expects to report earnings of $1.36 per share for its fourth quarter ended May 31. The estimate includes the costs of business realignment. FedEx previously had estimated earnings of $1.20 to $1.30 per share.

The company issues its earnings report June 23.

Last week, the U.S. Postal Service announced it selected FedEx Express as the delivery agent for Global Express Guaranteed, its date-certain international delivery service to 190 countries and territories, beginning July 1.

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