FedEx Corp. reported a net profit of $464 million for its fiscal first quarter ended Aug. 31, up 22% from net income of $380 million in the prior-year period. Despite the profit rise, the Memphis-based express delivery carrier lowered per share earnings guidance for its full fiscal year ended May 31 from $6.35-$6.85 to $6.25-$6.75, reflecting slower-than-expected global economic growth. "The US and global economy grew at a slower rate than we anticipated during the quarter," ...

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