FedEx Beats Estimates, Reaffirms Full-Year Outlook

The video discusses FedEx's fiscal first quarter earnings, highlighting a significant earnings per share of $2.10, surpassing the consensus of $1.96. This includes a 15-cent boost from share buybacks and lower pension expenses. FedEx also exceeded revenue expectations with $11.68 billion, compared to the consensus of just under $11.5 billion. The video notes a 4% sales growth year-over-year and discusses FedEx's role as an economic indicator, alongside Walmart sales, in assessing the health of the economy.

What was the year-on-year sales growth percentage for FedEx?

What indicators did the speaker mention for monitoring the economy?