FedEx beats on earnings, shares rise (FDX)
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FedEx on Tuesday reported better-than-expected earnings for its fiscal first quarter.
The courier giant said its operating results were boosted by higher volumes of FedEx Ground shipments, as well as cost reductions at FedEx Express. But costs associated with integrating TNT Express, the delivery company it bought in May, dented some of these gains.
It reported adjusted earnings per share of $2.90, beating analysts' median forecast for $2.79, according to Bloomberg. Читать дальше...