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FedEx raises profit forecast

BOSTON (MarketWatch) — FedEx Corp. said Monday that it is raising its profit forecast for the fiscal first quarter and full year, citing better-than-expected growth in FedEx Express and FedEx Ground volumes. The shipping company now sees first-quarter earnings of $1.05 to $1.25 a share versus its previous projection of 85 cents to $1.05. For the full year, FedEx said it expects earnings of $4 …

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