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FedEx second-quarter profit misses estimate; revs drop at biggest unit

(Reuters) – Global shipping company FedEx Corp on Wednesday reported quarterly results that missed Wall Street estimates as revenue declined at its biggest unit, Express Delivery. FedEx earned $500 million, or $1.57 a share, in the second quarter ended November 30, versus $438 million, or $1.39, in the same quarter last year. Analysts, on average, expected earnings of $1.64 as per Thomson …

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