FedEx posted quarterly earnings and revenue Wednesday that easily topped analysts' expectations.
The shipping giant reported fiscal third-quarter earnings of $2.51 per share, adjusted, on $12.7 billion in revenue. Profit rose from $2.03 per share in the previous year, while sales climbed from $11.7 billion.
Analysts expected FedEx to report earnings of $2.34 per share on $12.38 billion in revenue, according to a consensus estimate from Thomson Reuters.
"Our strong financial performance was driven by increasing demand for our broad portfolio of FedEx business solutions which helped increase revenue and adjusted profit for the corporation," said CEO Frederick Smith in a statement.
FedEx shares rose more than 5 percent in after-hours trading.