UPDATE: FedEx Posts Higher FQ1 Profit

By: Benzinga
FedEx (NYSE: FDX ) reported a rise in its fiscal first-quarter profit. FedEx's quarterly profit surged to $489 million, or $1.53 per share, versus a year-ago profit of $459 million, or $1.45 per share. Its revenue gained 2% to $11 billion from $10.8 billion. However, analysts were estimating earnings
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