FedEx Q1 Results Fall; Pledges to Speed Up Costs Cuts, Lift Rates
(Correction: Amends analysts estimates for Q1) By Yasin Ebrahim Investing.com — FedEx reported Thursday weaker-than-expected fiscal first-quarter results, though pledged to speed up costs and hike shipping rates to offset the impact slowing global growth on shipping volumes. FedEx Corporation (NYSE:) shares rose 2% following the report. FedEx announced per share of $3.44 on revenue of $23.2 …
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