FedEx Corporation Q1 Income Retreats 10%

(RTTNews) - FedEx Corporation (FDX) released earnings for first quarter that decreased compared to the same period last year.

The company said its profit fell to $683 million, or $2.51 per share. This was lower than $760 million, or $2.82 per share, in last year's first quarter.

The company said revenue for the quarter rose 4.1% to $15.3 billion. This was up from $14.7 billion last year.

FedEx Corporation earnings at a glance:

-Earnings (Q1): $683 Mln. vs. $760 Mln. last year. -Earnings Decline (Y-o-Y): -10.1% -EPS (Q1): $2.51 vs. $2.82 last year. -EPS Decline (Y-o-Y): -11.0% -Revenue (Q1): $15.3 Bln vs. $14.7 Bln last year. -Revenue Change (Y-o-Y): 4.1%

-Guidance: Full year EPS guidance: $12.00 - $12.80