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FedEx posts flat quarterly profit, misses expectations


    CHICAGO (Reuters) - Package delivery firm FedEx Corp on Wednesday reported a flat quarterly net profit that came in just below market expectations as its international business was hurt by the strong dollar and falling fuel surcharges.

    The Memphis-based company reported a fiscal fourth-quarter net profit of $753 million or $2.66 per share, unchanged from $753 million or $2.54 per share a year earlier.

    Analysts had expected earnings per share of $2.68 for the quarter.

    (Reporting By Nick Carey Editing by W Simon)