FedEx reports $511 million profit, says pilot contract lowers operating margin
FedEx reported net income of $511 million for its fiscal second quarter ended Nov. 30, up 8% over earnings of $471 million in the year-ago quarter, on a 10% jump in revenues to $8.93 billion. "Earnings...were better than forecast primarily due to lower-than-expected fuel prices, [strong growth in...
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