FedEx Posts Higher First-Quarter Profit – ValueWalk Premium

FedEx Posts Higher First-Quarter Profit

FedEx Corporation (NYSE:FDX) posted bigger fiscal first-quarter profit at $489 million from $459 million, reported in the year-ago period.

FedEx is considered an economic bellwether as it moves massive volume of goods around the world. It posted $1.53 a share for the first-quarter ending August 31, up from $1.45 a share last year.

FedEx Beats Analysts Estimates

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