MEMPHIS (TheStreet) — FedEx beat Wall Street estimates as net income rose 7%, driven by growth in each of the company's transportation segment. In pre-market trading about an hour before the opening bell, FedEx shares had gained $3.32 or 3% to $114. The overnight package shipper reported earnings of $489 million, or $1.53 a share, for the fiscal first quarter ended Aug. 31. Analysts surveyed by …
More: continued here
