FedEx Says Earnings Higher, Outlook Lower

MEMPHIS TheStreet) — FedEx said fiscal first-quarter earnings rose 22% — even as demand for global cargo flights declined — and it slightly reduced its full-year guidance. For the fiscal first quarter, which ended Aug. 31, the company reported earnings of $464 million, or $1.46 a share. Analysts surveyed by Thomson Reuters had estimated $1.45 a share. Revenue rose 11% to $10.52 billion …

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