FedEx (FDX) reported quarterly earnings on Wednesday that fell shy of analysts' expectations as it saw A FedEx truck in San Francisco. (Photo by Justin Sullivan/Getty Images)continued weakness in international air freight market and consumers chose less expensive and slower services.

After the earnings announcement, the company saw its shares fall 3 percent in premarket trading. (Click here to get the latest quotes for FedEx.) (FDX)

The No. 2 U.S. package-delivery company said net income fell to $361 million, or $1.13 per share, in the third quarter, from $521 million, or $1.65 per share, a year earlier.
FedEx Earnings Fall Short on International Weakness - Yahoo! Finance