FedEx fiscal 1Q net profit up 7% to $489 million

Credit: Courtesy, Boeing
FedEx Corp. reported a net profit of $489 million for its fiscal first quarter ended Aug. 31, up 7% over net earnings of $459 million in the prior-year period, even as the FedEx Express airline unit suffered a year-over-year revenue decline. Chairman, president and CEO Frederick Smith credited FedEx...

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