FedEx posts $464 million 1Q profit but downgrades full-year earnings

FedEx 777F. By Rob Finlayson FedEx Corp. reported a net profit of $464 million for its fiscal first quarter ended Aug. 31, up 22% from net income of $380 million in the prior-year period. Despite the profit rise, the Memphis-based express delivery carrier lowered per share earnings guidance for its...

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