FedEx reported a 33% increase in fourth-quarter earnings Wednesday. Profits rose to $558 million, or $1.75 per share, from $419 million, or $1.33 per share, a year ago. Revenue rose 12%, to $10.55 billion. Both earnings per share and revenue beat analyst expectations.

FedEx (nyse: FDX - news - people ) said it expects to earn $6.35 to $6.85 per share in the 2012 fiscal year, ahead of analyst estimates at the high end.

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