FedEx Sees Profit Gain While Warning on Inflation, Trade Turmoil

FedEx Corp. reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs that have buffeted the package-delivery business.

Adjusted earnings were $6.31 a share for the fiscal fourth quarter, the company said Tuesday in a statement, well above the average of analysts’ expectations compiled by Bloomberg.

Still, shifting global trade policies and the grounding of its MD-11 cargo jet fleet were “significant headwinds” to its operations in the period, Chief Executive Officer Raj Subramaniam said on a conference call with analysts. Its profit margin for the past quarter declined to 8.4%, below ...