economy@ (Adds details, comments throughout; updates share price)
Dec 19 (Reuters) - Package delivery company FedEx Corp on Tuesday reported a better-than-expected quarterly net profit due to strong global demand and increased volumes during the peak holiday shipping season, but said its results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit.
The Memphis-based company, often considered a bellwether for the U.S. economy as is its key rival United Parcel Service Inc , said the cyber attack slashed $0.31 per diluted share from its fiscal second-quarter profit.
Shares of the company rose 0.8 percent in after-hours trading following the results.
FedEx Chief Executive Officer Fred Smith said the company was seeing strong demand during the crucial peak holiday shipping season, which begins after the U.S. Thanksgiving holiday and extends through the New Year.
"We are on track for another record holiday-shipping season, and customer-service levels have been outstanding," Smith said in a statement accompanying the results.
FedEx's results also reflect a tax benefit of approximately $80 million from foreign tax credits associated with a dividend paid from foreign operations, and a favorable net impact from fuel, the company said.
FedEx posted fiscal second-quarter net income of $775 million, or $2.84 per share, up from $700 million, or $2.59 per share, a year earlier. Adjusted for one-time items, it reported earnings per share of $3.18, beating analysts' expectations of $2.89 per share.
FedEx said excluding mark-to-market pension accounting adjustments, expenses related to its TNT Express acquisition and certain legal issues, it expects full-year fiscal 2018 earnings per share in a range from $12.70 to $13.30. In September, it gave a range of $11.05 to $11.85.
Analysts had forecast earnings of $12.45 per share for the full fiscal year. (Reporting by Eric M. Johnson in Seattle; editing by Leslie Adler and G Crosse)