FedEx Delivers Bigger Profit, Says Cost Headwinds ‘Subsiding’

FedEx booked a better fiscal fourth quarter than Wall Street expected Wednesday, and the package shipper said moderate economic growth will keep its profit engine humming in the quarters ahead.Earnings were up 32% from a year ago at $1.75 per share, and a few pennies ahead of the $1.72 consensus estimate, while revenue of $10.6 billion was a 12% improvement from a year earlier. The company’s …

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