FedEx Corporation FDX shares are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results Tuesday.

The company reported quarterly earnings of $2.53 per share, which beat the analyst consensus estimate of $1.52 by 66.45%.

This is a 49.5% decrease over earnings of $5.01 per share from the same period last year.

FedEx reported sales of $17.4 billion, which beat the analyst consensus estimate of $16.49 billion.

"Though our fiscal fourth-quarter performance was severely affected by the COVID-19 pandemic, I am extremely proud of the herculean efforts of our team members," CEO Frederick Smith said in a statement. 

"With safety as the first priority, these men and women provided essential transportation of critical supplies across the globe and delivered peak-level e-commerce volumes in the United States. As a result of the strategic investments we have made to enhance our capabilities and efficiencies, FedEx is well-positioned to support and benefit from the reopening of the global economy."

FedEx shares were trading up 7.84% at $151.21 after-hours Tuesday after gaining 4.21% in the regular session.