FedEx Corp reported a higher quarterly profit than a year ago, but pared its outlook for the full year, citing fuel prices and moderate global economic growth.

The world's No. 2 package delivery company said its fiscal first-quarter profit was $464 million, or $1.46 per share, compared with $380 million, or $1.20 per share a year ago.

It pared its fiscal 2012 guidance to $6.25 to $6.75 per share from its June estimate of between $6.35 and $6.85 a share.

Revenue for the Memphis, Tennessee-based economic bellwether rose 11 percent to $10.52 billion in the quarter that ended August 31, from $9.46 billion a year earlier. That was above the $10.32 billion forecast on average by Thomson Reuters I/B/E/S.

(Reporting by Lynn Adler, editing by Maureen Bavdek)

Fedex