FedEx released a report on Tuesday with first-quarter results that beat analysts. Revenue was above forecasts.
The company posted earnings per share of $ 4.87 and earnings of $ 19.30B. Analysts polled by Investing.com had forecast earnings per share of $ 2.65 and total earnings of $ 17.51B
FedEx shares were up 5.39% to trade at $ 249.48 in the post-market close, according to the report.
FedEx shares are up 56% this year, performing better than the overall S&P 500, up 5% YTD.
FedEx is following the general trend of the transportation sector this month
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