FedEx fiscal 3Q net profit down 19%, but Express unit shines

Credit: Rob Finlayson
US-based FedEx Corp. reported a fiscal third-quarter net profit of $507 million, down 19% from net income of $628 million earned in the prior-year quarter, but the company pointed to rising revenue and a strong performance in its FedEx Express airline segment. The net profit decline for the quarter...

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