FedEx first-quarter profit up 4%, full-year earnings forecast down 4%
FedEx reported net income for its fiscal first quarter ended Aug. 31 of $494 million, up 4% over a net profit of $475 million in the year-ago period, on an 8% rise in revenue to $9.2 billion, but lowered its full-year earnings guidance owing to an uncertain US economy. "FedEx increased its revenue...
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