FedEx posted a strong earnings beat — then its stock sank on weak guidance

The shipping giant reported adjusted EPS of $6.31 versus expectations of $5.96, but its new calendar-year profit forecast fell short of investor expectations

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FedEx $FDX reported fiscal fourth-quarter earnings that beat Wall Street estimates on both the top and bottom lines, but FedEx stock fell roughly 6% in after-hours trading Tuesday as investors reacted to a forward profit outlook that came in below expectations.

On the bottom line, the quarter produced adjusted EPS of $6.31, topping the $5.96 consensus estimate tracked by CNBC. Sales of $25.01 billion represented a 13% year-over-year........

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