Winter storms hurt FedEx Q3 results; shares down

March 19 Wed Mar 19, 2014 7:43am EDT

March 19 (Reuters) - FedEx Corp, the world's No. 2 package delivery company, posted lower-than-expected profit on Wednesday, saying it was significantly hurt by winter storms.

Shares of the company fell 2.2 percent to $135.59 before the markets opened.

For the third quarter, the company earned $378 million, or 1.23 a share, on revenue of $11.3 billion.

Analysts expecting earnings of $1.45 a share, according to Thomson Reuters I/B/E/S. (Reporting by Nivedita Bhattacharjee in Chicago)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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