FedEx reports quarterly profit

(Reuters) - Package delivery company FedEx Corp reported a quarterly profit compared with loss in the year-ago period, boosted by higher sales across all its business units.

The company posted a net income of $1.02 billion, or $3.75 per share, in the fourth quarter ended May 31, compared with a net loss of $70 million, or 26 cents per share, a year earlier.

On an adjusted basis, the company earned $4.25 per share. FedEx had incurred some charges related to TNT Express acquisition a year earlier.

Revenue rose to $15.7 billion from $13 billion a year earlier.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur)