Home / FedEx / FedEx quarter profit falls but meets analyst expectations (The Indianapolis Star)

FedEx quarter profit falls but meets analyst expectations (The Indianapolis Star)

NEW YORK » FedEx Corp. said Thursday its fiscal first-quarter earnings fell 22 percent but still met Wall Street’s expectations, as cost cuts partially offset the impact of slowing global growth. The package delivery company also predicted it will beat analysts’ current expectations for its fiscal second quarter. Memphis, Tenn.-based FedEx earned $384 million, or $1.23 per share, in the three …

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