Higher Volumes At Ground Boost FedEx's Third Quarter Revenues
FedEx announced results for its third quarter ending February 28 (fiscal year ending May 31), reporting higher revenues and earnings per share. Revenues were up 3% year-over-year to $11.3 billion, driven by higher volumes in the Ground segment. Net profits improved 5% year-over-year from $361 million to $378 million and earnings per share increased 9%…