By Stephen Nakrosis

Shares of FedEx Corp. are trading higher after the company reported first-quarter results that beat analysts' estimates.

At 4:17 p.m. EDT, the company's stock was trading 5.07% higher at $248.98. Volume at the time topped 70,000 shares.

After the bell, FedEx reported first-quarter earnings per share of $4.72 and adjusted EPS of $4.87.

Analysts were expecting earnings per share of $2.54 and adjusted EPS of $2.70, according to FactSet.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

September 15, 2020 16:37 ET (20:37 GMT)

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