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FedEx shares rally after better-than-expected profit, sales

NEW YORK (MarketWatch) — Shares of FedEx Corp. rallied 2.1% in premarket trade Wednesday, after the package-delivery giant reported better-than-expected fiscal first-quarter profit and sales, boosted by strength in its FedEx Ground and FedEx Freight businesses. Earnings for the quarter ended Aug. 31 came in at $606 million, or $2.10 a share, up from $489 million, or $1.53 a share, in the year …

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