FedEx Sees 33% Profit Growth; Express Revenue 11% Higher
FedEx yesterday reported that its net profit for the quarter through Nov. 30 rose 33% to $471 million, driven by 3% growth in both ground and air volume. Overall revenue increased 10% to $8.09 billion, and operating profit grew 32% to $790 million. FedEx exceeded its profit forecast for the quarter...
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