FedEx Beats Estimates, Orders 27 Boeing 767s

MEMPHIS TheStreet) — FedEx beat estimates as second-quarter net income rose 76%. The company also announced new deals with Boeing, ordering 27 new 767 jets but delaying delivery of new 777s due to diminished shipping from Asia. For the fiscal second quarter, which ended Nov. 30, net income was $497 million, or $1.57 a share. Analysts surveyed by Thomson Reuters had estimated $1.52 a share …

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