JB Reed/Bloomberg News
FedEx Corp. reported its fiscal fourth-quarter net income rose to $730 million, or $2.46 per share, from $679 million, or $2.13, a year ago.
Revenue for the quarter ended May 31 rose to $11.8 billion from $11.4 billion, the company said June 18.
The freight segment increased fourth-quarter operating income 51% to $122 million, and it reported revenue of $1.55 billion — a 12% increase from the same time last year.
The company said it acquired 9.9 million shares of FedEx common stock, increasing its fiscal 2014 purchase total to 36.8 million.
Full-year net income increased to $2.1 billion, or $6.75 per share, from $1.98 billion or $6.23 per share. Revenue increased to $45.6 billion from $44.3 billion a year ago.