(Reuters) - The Memphis, Tn.-based company said net income for its 2007 fiscal fourth quarter ending May 31 rose 7 percent to $610 million, or $1.96 a share, compared with $568 million, or $1.82, a year earlier.
FedEx said the results included a gain from a settlement with Airbus related to its A380 order cancellation of approximately 6 cents a share. Excluding that gain, FedEx's quarterly earnings came in below the $1.96 per share expected by Wall Street analysts, according to Reuters Estimates.
Read more at Reuters.com Business News
FedEx said the results included a gain from a settlement with Airbus related to its A380 order cancellation of approximately 6 cents a share. Excluding that gain, FedEx's quarterly earnings came in below the $1.96 per share expected by Wall Street analysts, according to Reuters Estimates.
Read more at Reuters.com Business News
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