FedEx Corp. reported a 4% increase in sales
FedEx Corp. reported a 4% increase in sales, to $5.92 billion, but a 57% reduction in operating profit, to $183 million, in the quarter ended Nov. 30, the second in its 2004 fiscal year. Operating profit would have been up 9% except for $283 million in "business realignment" costs at FedEx Express...
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