FedEx earnings: $2.58 per share, vs estimate of $2.51

Analysts expected FedEx to post quarterly earnings of $2.51 per share on $12.43 billion in revenue, according to a consensus estimate from Thomson Reuters. FedEx shares have fallen more than 16 percent this year amid concerns about the global economy's health. The shipping giant has funneled $1.6 billion into improving its ground unit this fiscal year.