FedEx Corp. expects earnings for its fiscal first quarter ended Aug. 31 to exceed its previous guidance of $0.30-$0.45 per diluted share. It now expects earnings of $0.58 per diluted share, which would represent a 53% decline from the year-ago quarter. Fiscal second-quarter earnings are expected to be $0.65-$0.95 per diluted share thanks in part to "a continued modest recovery in the global economy," it said. CFO Alan Graf Jr. said the first-quarter numbers were higher than forecast owing to ...

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