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Excluding charges, the transportation company posted fiscal fourth-quarter earnings of $3.30 per share on Tuesday, with adjusted profits beating by 2 cents. However, that good news was drowned out by an overall quarterly loss caused by pension adjustments and costs tied to its acquisition of Dutch company TNT.
The company's overall quarterly loss of 26 cents per diluted share for the fourth quarter ending May 31 was better when compared to a loss of $3.16 per diluted share a year ago. In its report, FedEx said it did not know how the pension adjustments and TNT acquisition would affect its earnings for the coming fiscal year.
John Barnes, a capital markets analyst for RBC, told CNBC's "Squawk on the Street " Wednesday he believed FedEx was being "a little bit conservative" in its guidance.
"I think being pretty coy about providing any color around TNT I think is being pretty conservative," Barnes added.
He also cautioned that Amazon is growing so fast, it is overwhelming FedEx's ability to keep pace with the giant online retailer.
Shares of the company are up roughly 5 percent since Jan. 1.
FedEx in 2016