FedEx beats earnings estimates in final quarter with freight business before spin-off.

FedEx reported stronger-than-expected earnings and revenue in its fiscal fourth quarter, the last to include its freight business before it spun off as FedEx Freight on June 1. The company saw a 3% increase in domestic volume and paid itself a $4.1 billion dividend from the spin-off. Despite a 66% rise in fuel costs, FedEx's CEO highlighted ongoing profitable growth and network optimization. The company also shifted its fiscal year-end to December 31 and projects 11% revenue growth for the full year.