The quarterly earnings are out for Memphis-based FedEx Corp., and analyst predictions were both right on the money and way off the mark.
FedEx reported $2.07 per diluted share, or $2.35 per diluted share on an adjusted basis, for the quarter that ended Feb. 28, 2017. A year ago those numbers were $1.84 per diluted share and $2.51 per diluted share on an adjusted basis. Analysts had predicted shares would likely hit $2.62 for the quarter, and an increase in fuel cost during the quarter took some…