On Tuesday afternoon, FedEx (NYSE: FDX) reported a modest net loss of $0.26 per share for the fourth quarter of its 2016 fiscal year. The loss was driven by a $1.5 billion pre-tax charge related to changes in the company’s pension liability.
However, on an adjusted basis, FedEx’s earnings per share soared to $3.30 for Q4, up 24% year over year and slightly ahead of the average Wall Street analyst estimate of $3.28. In short, it’s the end of another successful year for FedEx.