FILE PHOTO: Traders work at the post that trades FedEx on the floor of the New York Stock Exchange April 7, 2015. REUTERS/Brendan McDermid
(Reuters) - Package delivery company FedEx Corp reported a lower adjusted quarterly net profit on Tuesday, and cut its full-year earnings per share forecast for the second time, citing weaker global trade growth.
The company’s adjusted net income fell to $797 million, or $3.03 per diluted share, in the third quarter ended Feb. 28, from $1.02 billion, or $3.72 per share, a year earlier.
Total revenue rose about 3 percent to about $17.0 billion.
Reporting by Lisa Baertlein in Los Angeles and Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila
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