FedEx on Wednesday reported quarterly earnings that beat Wall Street expectations on the top and bottom lines and raised its full-year outlook for its newly realigned fiscal year. Here's how the company performed for the period ended Sept. 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company reported net income for the quarter of $290 million, or $1.21 per share, compared with $650 million, or $2.73 per share, during the comparable period a year prior. Adjusting for one-time items — including losses related to short-term investments, gains on the extinguishment of debt and certain restructuring costs — FedEx reported adjusted earnings per share of $3.74.
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