FedEx crushed second-quarter earnings expectations.
The world’s second-largest freight company posted adjusted earnings per share of $2.58, and revenues of $12.43 billion after the closing bell on Wednesday.
Analysts had projected that the company’s EPS was $2.50, and revenues totaled $12.42 billion according to Bloomberg.
In after-hours trading, shares rose by as much as 4%. FedEx shares have fallen 14% year-to-date.
The company said it expects to earn between $10.40 and $10.90 per diluted share in the fiscal 2016 year.