FedEx Projects Strong Fourth Quarter

MEMPHIS (TheStreet) — FedEx boosted its third-quarter profit only slightly as costs rose, but provided current quarter guidance ahead of the consensus estimate. In pre-market trading, shares were up $3.56 or 4.17% to $88.84. Excluding items, the company said it earned 81 cents a share for the fiscal third quarter ended Feb. 28. Analysts surveyed by Thomson Reuters had estimated 82 cents. The …

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